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The solar market competition is still fierce, with both longi green energy technology and jinkosolar reporting a turnaround from profitability to loss. | Financial report insights
Facing the challenges of intensified competition and price fluctuations in the global photovoltaic industry, both photovoltaic giants Longi Green Energy and JinkoSolar have reported a loss in profit. According to Longi Green Energy's half-yearly report for 2024, the company's performance has been poor in the first half of the year, with revenue falling by more than 40% year-on-year, and the company's profit turning into a loss compared to the same period last year. JinkoSolar's second-quarter revenue also declined by 22% year-on-year, and similarly turned into a loss compared to the same period last year.
UNAUDITED SEMI-ANNUAL ACCOUNTS AS AT 30 JUNE 2024
The Star Market Evening News | Semiconductor Manufacturing International Corporation's net profit in the first half of the year dropped by 45%. Evert plans to invest in building a siasun robot&automation super factory.
① Shanghai SK Automation Technology's net income in the first half of the year increased by 2161.89% year-on-year; ② Weijie Chuangxin and Kewell Technology plan to repurchase; ③ Huayi Technology and related personnel received a warning letter from the Shanghai Securities Regulatory Bureau.
Shenzhen Transsion Holdings Co., Ltd. released its semi-annual report: Q2 performance declined compared to the previous quarter, planning to generously distribute a mid-term dividend of 1.7 billion yuan.
In the first half of the year, Shenzhen Transsion Holdings Co., Ltd. achieved revenue of 34.56 billion yuan, a year-on-year increase of 38.07%, and a net income attributable to the parent company increased by 35.70% year-on-year. However, both the revenue and net income of Q2 decreased compared to Q1. Shenzhen Transsion Holdings Co., Ltd. plans to distribute a cash dividend of 1.694 billion yuan for the year, the highest total dividend among the star companies that have announced their mid-term dividend plans for 2024.
Star Market Evening News | Montage Technology's net profit in the first half of the year increased sixfold, and the IPO registration of Saifun Technology on the Star Market became effective.
①Bestechnic (Shanghai) Co., Ltd. net income in the first half of the year increased by 199.76%; ②Beijing Kingsoft Office Software, Inc. shareholders plan to reduce their shareholding by no more than 0.0016%; ③Energy Corp. incurred a net loss of 0.67 billion yuan in the first half of the year; ④Shanghai MicroPort Endovascular Medtech(Group)Co.,Ltd. net income in the first half of the year increased by 44.36%.
Another beneficiary of the AI industry wave, montage technology's net profit in the first half of the year increased by more than six times, with the assistance of DDR5 penetration.
① In the second quarter, Montage Technology achieved a continuous increase in net income for 5 consecutive quarters, with non-GAAP net income reaching a record high for the same period; ② The Internet of Things chip was the main driver of performance growth in the second quarter; ③ Montage Technology also highlighted the concentration risk for customers.