Lijin Technology (00558) announced unaudited interim results for the six months ended September 30, 2024. Earnings...
According to the Zhitong Finance App, Lijin Technology (00558) announced unaudited interim results for the six months ended September 30, 2024, with earnings of HK$2.594 billion; gross profit of HK$0.745 billion, up 3.35% year on year; profit attributable to shareholders of HK$0.148 billion; basic profit per share of HK10.9 cents; and plans to distribute an interim dividend of HK$3 per share.
The announcement said that in terms of business development, the company made major breakthroughs during the reporting period, and reached agreements with a number of new energy vehicle OEMs, including reaching a series of cooperation with a leading NEV OEMs with great influence in South China and the world. The active layout and cooperation intention of downstream customers for integrated die casting is expected to become a strong driving force for the company's business revenue to achieve new growth in the future. At the same time, downstream customers going overseas will also help expand the company's market space in the future.
In terms of technological innovation, during the reporting period, the company continued to develop over 10,000 ton double injection die-casting machines and TPI semi-solid magnesium alloy die-casting machines, all of which were pioneers in the industry. The 10,000-ton double injection die-casting machine can be used in the integrated overall chassis production of new energy vehicles. The module adapted to TPI semi-solid magnesium alloy technology can flexibly transform an aluminum alloy die-casting machine into a semi-solid magnesium alloy die-casting machine, which can effectively solve the needs of customers at different stages and open up new opportunities and directions for the development of the die-casting machine business in the current complex situation.