share_log

国光电器Q2净利环比增超159% 音箱及扬声器为营收主要来源|财报解读

Guoguang Electric's Q2 net profit increased by over 159% QoQ, with speakers and amplifiers being the main source of revenue. Interpretations of the financial report.

cls.cn ·  Aug 20 10:58

In the first half of this year, Guoguang Electric's net income increased by more than 60% year-on-year, and speaker and loudspeaker products contributed more than 80% of revenue. The company said that the increase in revenue in the first half of the year was due to the increase in operating income from audio and electroacoustic business compared to the same period last year. Its net profit for Q2 2024 increased by 159% compared to the previous quarter. Guoguang Electric's securities department said that the second and third quarters are usually the company's peak season.

When facing thousands of listed company announcements every day, which ones should you read? What are the key points to take away from the dozens or hundreds of pages of material announcements? Are the many professional terms in the announcements bullish or bearish? Check out Caixin's "Quick Read Announcement" column, where our reporters across the country will provide you with accurate, fast and professional interpretations on the night of the announcement.

National Light Electric (002045.SZ) achieved a net profit growth of more than 60% in the first half of this year compared to the same period last year, thanks to the increase of revenue from audio and electroacoustic business and the improvement of gross margin of related products. Speaker and loudspeaker products accounted for 80% of the total revenue. In addition, due to the increase in cash payments for purchasing goods and receiving services, the net cash flow from operating activities in H1 decreased by 76.15% year-on-year.

Guoguang Electric's main business is audio and electroacoustic business and lithium battery business. According to the mid-year performance report released by the company this evening, it achieved an operating income of 3.037 billion yuan in the first half of 2024, a year-on-year increase of 21.59%; and achieved a net profit of 0.105 billion yuan, a year-on-year increase of 62.79%. The company's net profit in the first quarter of this year was 29.17 million yuan. Calculated from this, the net profit in Q2 was 75.6705 million yuan, a quarter-on-quarter increase of 159.41%.

According to the recent financial reports of Guoguang Electric, the net profit in Q2 and Q3 is higher than other quarters in the year.

The staff of Guoguang Electric's securities department told reporters of Financial Association who contacted as investors, 'The company has a higher proportion of overseas exports. Overseas customers will have a wave of promotion activities at the end of the year (Thanksgiving, Christmas, etc.). We will sell our products overseas in advance. The second and third quarters are usually the company's peak season.'

According to the semi-annual report, the export business accounted for 75.07% of Guoguang Electric's revenue, and the main sales areas overseas include Europe, the United States and other regions.

On the business side, in the first half of this year, Guoguang Electric increased its efforts to enhance the development and operational capabilities of large customer systems, and achieved independent research and development and autonomous supply of full-chain self-developed products, including adhesive, key acoustic components, acoustic modules, PCBA, batteries, plastic parts to complete machine assembly.

'In the company's future strategic planning, intelligent speakers, car audio and VR/AR will be the key business development focus.' Guoguang Electric Chairman Lu Hongda said so at an earnings conference held earlier this year.

Regarding cooperation with car companies, Guoguang Electric replied on the investor interaction platform that the number of customers has increased compared to last year, including the field of new energy vehicles and traditional automobiles. In addition, the aforementioned staff of the securities department said that the company has AR glasses related projects under research and development.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment