Changzhou NRB Corporation has hidden concerns behind the turnaround: Q2 profits decline on a quarter-on-quarter basis, accounts receivable remain high, and cash flow is under pressure. | Interpretations

①Under the recovery of the downstream auto industry, bearing company Changzhou NRB Corporation achieved a turnaround in the first half of the year; ②The company's net income in the second quarter showed a sequential decrease, and the gross margin also decreased accordingly, indicating insufficient growth momentum; ③In addition, the company also faces negative cash flow, increasing accounts receivable and inventory, which may cause funding pressure.

cls.cnAug 28 11:31 ET

AI server products delivered in bulk, Shengyi Electronics' net income in the first half of the year increased by 903.93% year-on-year.

① Regarding the reasons for the performance change, Shengyi Electronics stated that with the increasing demand for high-density, high-precision multilayer printed circuit boards in the market, the company's production and sales have grown compared to the same period last year; ② Shengyi Electronics stated that in the future, with the continuous development of the automotive industry, automotive electronics will have a wider market. It is expected that the market size of China's automotive electronics industry will grow by 5.6% to reach 1.16 trillion yuan in 2024.

cls.cnAug 27 09:17 ET

Semiconductor market demand recovers, Novoray Corporation's revenue and net profit double in the first half of the year, and the electronic-grade powder project is expected to start production by the end of the year.

① In the second quarter of 2024, the company's net income and non-net income attributable to mothers both reached a historic high. ② The semiconductor market demand has rebounded, and the company has seized the industry development opportunities, with overall business income increasing year-on-year. The product structure has been further optimized, with a higher proportion of high-end products and increased profits year-on-year.

cls.cnAug 25 21:11 ET

Olympic Circuit Technology's net profit in the first half of the year increased by over 50%, with the highest share in the automotive electronics sector among downstream applications. Interpretation of financial statements.

1. Olympic Circuit Technology's revenue and net profit both increased in the first half of the year. 2. The company stated that it benefited from factors such as increased business volume, higher product prices, and the comprehensive impact of the decline in the exchange rates of RMB against the US dollar. 3. The automotive application market is currently the company's largest sales sector.

cls.cnAug 22 10:51 ET

Roadway Optoelectronics plans to issue 0.739 billion convertible bonds to increase investment in semiconductor and flat panel display mask production lines. Some of the proceeds from the initial offering will be delayed for investment projects.

Lumileds stated that, taking new flat panel displays as an example, with the continuous advancement of display technology, new display products such as AMOLED, LTPO, OLEDoS, Mini-LED, are more widely used in consumer goods, which brings great stimulation to the demand for cover plate. Lumileds' secretary office person stated that, this time the company's fundraising investment focuses on core business and belongs to technology innovation field investment.

cls.cnAug 22 09:16 ET

Various AI applications in different categories are constantly emerging domestically, and the prosperous AI ecosystem may drive related companies' explosive performance.

On August 19, the jointly established "AIGC (Generative Artificial Intelligence) Joint Innovation Laboratory" by the China Central Broadcasting and Television General Station and Zhejiang University was unveiled. Hao Jin Securities' Ni Shuang said that the pace of large-model releases is gradually slowing down, and the development of AI applications in various categories is intense and gradually showing advantages in overseas markets, which may promote the construction of the AI ecosystem.

cls.cnAug 19 19:58 ET