On December 5th, according to Glonghui, shenzhen sunlord electronics (002138.SZ) stated in its investor relations that since its listing, the company has continuously invested in research and development and management innovation, consistently launching new products with core competitiveness. The management work of cost reduction and efficiency enhancement has been deepening, and the average gross margin over the years has remained at a relatively superior level within the industry. In the first three quarters of 2024, a sales gross margin of 1,565.2016 million yuan was achieved, an increase of 22.53% compared to the same period last year; the gross margin in Q3 2024 was 37.93%, achieving growth for three consecutive quarters.
All of the company's products are independently researched and developed and designed, with strong core technology and comprehensive service capabilities, continuously launching new products with high added value. The industry has high barriers to entry, and new products with high added value have more ample premium space when bidding, ensuring the space for gross margin. Furthermore, the continuous improvement in capacity utilization largely guarantees the company’s stable and high-quality gross margin level. The large-scale increase in various products has led to economies of scale, further enhancing the company's profit level.