Gelonghui, April 12, 丨 Xiangxin Technology (002965.SZ) announced its results forecast for the first quarter of 2024. Net profit attributable to shareholders of listed companies during the reporting period was 108 million yuan to 120 million yuan, up 31.63% — 46.25% from the same period last year; net profit after deducting non-recurring profit and loss was 90 million yuan to 102 million yuan, up 13.43% to 28.55% over the same period last year; basic earnings per share were 0.6059 yuan/share — 0.6732 yuan/share.
The company's main products include precision stamping dies, lightweight body structural parts, power battery cases, precision parts for heat exchange systems, chassis system components, photovoltaic inverters and energy storage equipment. Currently, focusing on new quality productivity, the company will focus on expanding its business and customers in the fields of new energy vehicles, photovoltaic inverters and energy storage, computing power centers, humanoid robots, and low-altitude economy.
During the reporting period, the company's business in the NEV industry and photovoltaic inverters and energy storage industry clearly grew rapidly. The new projects targeted in the early stages entered the mass production stage. The market order volume was sufficient, the company's capacity utilization rate increased, various products and businesses steadily improved, revenue increased year-on-year, and scale efficiency increased; at the same time, the company improved internal management efficiency, adjusted product structure, actively optimized production processes and technology, and continued to effectively promote cost reduction measures. As a result, the company's operating performance increased significantly during the reporting period.