Shenzhen Microgate Technology (300319.SZ) released its 2024 half-year report, and during the reporting period, the company achieved a revenue of 14.5 billion yuan...
According to the Futu News app, Shenzhen Microgate Technology (300319.SZ) released its 2024 half-year report, and during the reporting period, the company achieved a revenue of 1.453 billion yuan, a year-on-year increase of 3.11%; net profit attributable to shareholders was 0.145 billion yuan, a year-on-year increase of 42.55%; non-recurring net profit was 0.128 billion yuan, a year-on-year increase of 56.66%; basic earnings per share were 0.1663 yuan.
The main reasons for the change in performance are: 1. The traditional advantage market of the company's main department—communications and consumer electronics—showed a overall recovery trend in the first half of the year, with stable orders, and new businesses such as servers and automotive electronics gradually contributing to the increment business performance. 2. The proportion of high-value-added products in new projects in the main department's top customers has increased, driving the overall increase in gross margin. At the same time, the Inductor Division is constantly increasing its business weight in the main department, currently accounting for more than half of revenue and sales gross profit exceeding 70%. 3. Although the performance of the main department has shown positive growth, shipments still lag behind the growth rate of orders. At present, it is actively solving the landing problem of new production capacity to ensure synchronous growth of orders and deliveries.
In the first half of 2024, Xingyuan Electronics achieved a revenue of 0.645 billion yuan, a year-on-year increase of 1%; net profit was 23.62 million yuan, a year-on-year decrease of 23%. The main reasons for the changes in Xingyuan Electronics' performance during the reporting period were: 1. During the reporting period, the product structure of Xingyuan Electronics was adjusted, and the proportion of branded exports such as tablet computers and automotive electronics increased, while the proportion of domestic sales such as laptops decreased, and revenue remained flat overall. 2. In the context of overall weak market performance, Xingyuan Electronics faced challenges of intensified market competition and price reduction requirements from customers, which further increased the pressure on sales gross margin.