On August 21st, Shandong Daye (603278.SH) released its semi-annual report. From January to June 2024, the company achieved revenue of 2.63 billion yuan, a year-on-year decrease of 1.59%; the net profit attributable to shareholders of the parent company was -24.5496 million yuan, a year-on-year decrease of 131.74%; the net profit after deducting non-recurring gains and losses was 32.0159 million yuan, a year-on-year decrease of 193.83%.
During the reporting period, in the face of risks and challenges brought about by changes in the domestic and international economic environment, the company's management actively responded by focusing on overall strategy and annual operating goals. The core focus was to improve the quality of operations, solidly promote various work. Firstly, continuous strengthening of research and development innovation, refining and strengthening the main business, continuously improving the added value of the main products, seizing the high point of product manufacturing, and focusing on accelerating the research and development progress of high-performance new skeleton materials with characteristics of ultra-high strength, ultra-high torsion, and ultra-high extension. Secondly, adhere to the domestic market and vigorously develop the international market, closely align with the national strategy of the Belt and Road Initiative, combine with the global layout and development pace of international tire giants, actively seek new market opportunities and growth points, and vigorously promote the overseas market expansion and growth. Thirdly, further strengthen the construction of clean energy, make use of the advantages of abundant light resources, wind resources, and biomass fuels in the vicinity of the factory, intensify the development and construction of integrated new energy, create a green and low-carbon pilot demonstration factory, and enhance the company's competitiveness in domestic and foreign markets. At present, wind power projects have obtained approval for construction and are in the process of handling project land procedures and bidding. Fourthly, seize the opportunity to improve quality management, optimize and improve the quality management system, continuously improve product and service quality, and further enhance the complementary advantages and synergy of Daye and Shengtong's "dual brands". Fifthly, strengthen digitalization and intelligent transformation, continuously explore the deep integration of the company's digital factory with new generation information technologies such as artificial intelligence, cloud computing, and big data, vigorously promote intelligent empowerment, improve production efficiency, and reduce energy consumption and labor. In 2024, the company was recognized as a steel cord smart factory by the Shandong Provincial Department of Industry and Information Technology.
