On August 21, con aero tech (00232.HK) announced that the group is expected to record a post-tax profit of no less than 6 million Hong Kong dollars for the six months ending June 30, 2024 (2023: post-tax profit of about 80 million Hong Kong dollars). This is mainly due to the optimization and integration challenges faced by the company's US subsidiary during the implementation of the new NetSuite Enterprise Resource Planning system, which has increased the difficulty of managing business operations, management, and security controls in various areas. As a result, more effort and cost have been invested than in the past. At the same time, like most companies in the industry, the company has faced a tight supply chain, leading to a year-on-year decrease in revenue and gross profit in the first half of this year.
Looking ahead, the board of directors believes that the group's order book is full. With the gradual completion of the integration and adaptation of the new NetSuite Enterprise Resource Planning system, the group's production efficiency will be further improved, which will help improve operational efficiency and automation levels. The group is confident that it will be able to realize the cost benefits brought by the new system in the second half of 2024.