Fan Yulu’s drawing
Hangjin Technology released the first quarterly report of A shares in 2024 on April 3. In the first quarter, the company achieved an operating income of 1.627 billion yuan, a year-on-year increase of 97.7%; The net profit of returning to the mother was 50.6046 million yuan, a year-on-year increase of 304.92%, which ushered in a "good start".
Shanghai securities news reporter noted that a number of listed companies showed a jubilant trend in the first quarter. Choice data shows that as of the evening of April 7, a total of 47 A-share companies "spoiled" their first-quarter results through a quarterly report, performance forecast and listing announcement. Except for two companies, which were reduced in advance and slightly, the other 45 companies were in a state of "pre-happiness" (including pre-increase, slight increase, continued profit, loss-making, etc.).
Among them, consumer electronics, auto parts, chemicals and other industries "excellent students" gathered, and the production and sales were booming, which was the operating state of many companies in the first quarter. Mass production of new projects, sufficient market orders, product structure optimization, and significant cost reduction and efficiency increase have become the driving factors of listed companies’ performance growth in the first quarter.
Orders enter the mass production period, and the production and sales of auto parts are booming.
On the whole, among the 47 companies that have released the operating data for the first quarter, the lower limit of the year-on-year pre-increase in net profit of more than half exceeds 50%, and the net profit of 16 companies (including 4 companies that turned losses) is expected to double year-on-year. The auto parts industry has a high degree of prosperity.
"In the first quarter of 2024, the number of new projects in mass production increased, and the market orders were sufficient. The company continued lean production and process improvement, continuously improved production capacity and output, expanded business scale, and its performance increased accordingly." Shanghai Yangpu, an auto parts supplier, made a pre-profit of about 30,915,800 yuan in the first quarter, up by about 176.96% year-on-year.
Similarly, Chuanhuan Technology, Wuxi Zhenhua, Songyuan Co., Ltd. and Shuanghuan Transmission all pre-increased their first-quarter results, and the lower limits of the pre-increase of net profit were 80.29%, 74.94%, 60.11% and 22.75% respectively.
Chuanhuan Technology’s pre-profit in the first quarter was 40.6 million yuan to 48 million yuan, up 80.29% year-on-year to 113.15%. The company said that thanks to the growth of demand in the automobile industry, especially in the new energy automobile industry, the supply and demand of the industrial chain have been effectively enhanced, and the proportion of the company’s new energy vehicle revenue has increased; In the domestic new energy automobile industry, the company has continuously developed a number of new energy automobile manufacturers, and the fixed-point situation of the company’s new product projects has continued to improve.
Chuanhuan Technology revealed that the liquid-cooled pipeline system products used in the fields of energy storage and data center servers expanded by the company have achieved initial results. The liquid-cooled pipeline system in the energy storage field has started to be supplied in batches, and the liquid-cooled pipeline system in the data center server field has realized small batch supply.
Songyuan Co., Ltd., the leader in the domestic automotive passive safety field, made a pre-profit of 52 million yuan to 58 million yuan in the first quarter, up 60.11% to 78.59% year-on-year. According to the company, since 2024, the demand for cost reduction at the vehicle end is in line with the cost-effective characteristics of the company’s products, providing sufficient business penetration opportunities, and the reserved project orders are gradually mass-produced and scaled up. At the same time, as the second growth curve of the company’s main business, the contribution of airbag and steering wheel assembly products has stabilized, and the capacity of IPO fundraising projects has been effective one after another.
Looking at Novozymes, the company’s pre-profit in the first quarter was 415 million yuan to 502 million yuan, up 90% to 130% year-on-year. For the main reason of performance growth, Novozymes bluntly said that the blueberry business dominated by the company’s second growth curve entered the second year of mass production, and the first quarter was the peak season of business, and its operating income and profit increased significantly year-on-year.
Driven by booming production and sales, the first quarter net profit of Guoguang Electric Appliances in the consumer electronics industry, Sanyuan Bio in the chemical industry, Nuotai Bio in the medical service industry and Hangya Technology in the aviation equipment industry is expected to double year-on-year. For example, thanks to the increase in orders from downstream customers, the increase in sales of the company’s main products and the gradual increase in capacity utilization, Sanyuan Bio’s pre-profit in the first quarter was 23 million yuan to 29 million yuan, up 194.56% to 271.4% year-on-year.
The domestic and international markets have made great efforts to achieve gratifying results.
At the same time of sufficient orders and strong sales, the company’s product and customer structure optimization, cost reduction and efficiency improvement have been steadily promoted, which has become another key factor to improve the profitability of listed companies in the first quarter and laid a solid foundation for the steady growth of the company’s annual performance.
Guoguang Electric, a leader in the domestic audio and electro-acoustic industry, expects the net profit attributable to shareholders of listed companies to be 26 million yuan to 29.8 million yuan in the first quarter, up 263.60% to 3.1674% year-on-year. Guoguang Electric said that in the first quarter, the company’s product sales increased year-on-year, and the proportion of high-margin products increased, which increased the company’s gross profit margin. At the same time, the company continued to implement various measures to reduce costs and increase efficiency, which improved the overall profitability.
Looking at Songlin Technology, the company adhered to category orientation, embraced old customers and actively explored new customers. The kitchen and bathroom health category and beauty health category achieved steady growth, further optimized product structure, continued to promote lean operation, and exceeded the company’s net profit target. Songlin Technology made a pre-profit of 103 million yuan to 123 million yuan in the first quarter, up 135.66% to 181.42% year-on-year.
"The company’s main business focuses on the thermal power ultra-supercritical boiler manufacturing industry, benefiting from the surge in downstream orders, and the company’s orders in hand increased accordingly during the same period." Shengde Xintai’s pre-profit in the first quarter was 47.5 million yuan to 52.5 million yuan, a year-on-year increase of 136.13% to 160.99%. According to the company, the shipments of various categories increased in the first quarter, among which the product structure of alloy steel products was further improved, and the shipments of stainless steel products increased by about 100% compared with the same period.
Science and technology innovation board company Wright Optoelectronics also said that the downstream market demand of OLED continued to grow in the first quarter, and the company’s revenue of OLED terminal materials increased significantly year-on-year. At the same time, the scale effect of new products has gradually improved, and the company has actively implemented cost reduction and efficiency improvement, and its profitability has been greatly improved. In the first quarter, Wright Optoelectronics made a pre-profit of 39.1109 million yuan to 48.4125 million yuan, up 66.29% year-on-year to 105.83%.
Since 2024, with the recovery of the international market, the overseas business of some companies has shown a high growth trend, further boosting the company’s performance. Weihai Guangtai’s pre-profit in the first quarter was 45.8972 million yuan to 50.4869 million yuan, a year-on-year increase of 50% to 65%. The company bluntly said that since 2024, the demand for international and domestic airport equipment has continued to show a rapid growth trend.
As of March 21st, Weihai Guang Tai has received 280 million yuan of new international orders this year, a year-on-year increase of 520%. Newly obtained domestic orders of 190 million yuan, a year-on-year increase of 179%; The airport equipment business received a total of 470 million yuan in new orders, a year-on-year increase of 312%, the best level in the same period in history.
Shuanghuan Transmission also said that the company’s competitiveness in the global market has gradually won the recognition of overseas customers, and the designated projects have entered mass production in stages, promoting the continuous growth of the company’s new energy automobile gear business.