Shengyi Electronics released an investor relations activity record form on May 9. The company was surveyed by 48 institutions on May 8, 2024. The types of institutions were QFII, insurance companies, others, fund companies, securities companies, and sunshine private equity institutions. Introduction to the main contents of investor relations activities:
Question: What are the main reasons for the company’s performance and net profit changes in the first quarter of 2024?
Answer: In the first quarter of 2024, the company's total operating income was 884.6127 million yuan, an increase of 142.0077 million yuan compared with 742.605 million yuan in the first quarter of 2023, an increase of 19.12%. The company's turnaround from losses to profits in the first quarter of 2024 is mainly due to the company's continued optimization of its product structure and active improvement of its product business regional layout. As the server market's demand for high-level multi-layer printed circuit boards increases, the company's output, sales volume, and operating income all increased compared with the same period last year, driving the company's net profit to grow and achieve profitability.
Question: What are the products in the company’s communications field?
Answer: In 2024, demand in the global communications field has not improved significantly compared with the same period last year. According to Dell'OroGroup's forecast, the global RAN market will shrink for the second consecutive year in 2024, but the rate of decline should be more moderate. In terms of wired networks, the switch market is in good shape. With the development of AI, the market is expected to expand further and show a trend of iteration towards high-end. In 2024, the company will continue to follow market trends and conduct research, judgment and deployment on various situations, and orders in the overall communications field will be relatively stable. At the same time, the company still maintains a certain amount of R&D investment in high-end communications network products and continues to work closely with leading companies in the industry. It is expected that mass production will be achieved in 2024, which is expected to increase the added value of the product.
Question: The company’s product status in the server field
Answer: According to TrendForce data, global server shipments are estimated to be approximately 13.654 million units in 2024, a year-on-year increase of approximately 2.05%. It is estimated that the number of global AI servers will exceed 1.6 million in 2024, a year-on-year increase of approximately 40%. The development of a series of information technologies such as artificial intelligence, cloud computing, and the Internet of Things will inevitably drive the growth of data. The requirements for high-end servers are generally high-rise, high-density, high-speed, etc., and the value of PCB products will also increase. The company has always regarded the server market as one of its core downstream markets, and has been maintaining close cooperation with leading companies in the industry, continuously optimizing the product structure in the server field, and actively cooperating with end customers in the development of server products. In 2024, as inventory adjustments have been basically resolved, coupled with the continued rise in demand for AI products and the expansion of Dongcheng Phase 4 production capacity, server orders are expected to continue to grow.
Question: The company’s products in the automotive electronics field
Answer: Under the three major trends of automobile electrification, networking and intelligence, the proportion of automotive electronic products in the entire vehicle continues to increase. Automotive electronics account for about 28% of the value of traditional luxury cars, and can reach 47%-65% of new energy vehicles. The demand for related automotive electronic products such as smart cockpits, smart assisted driving, and energy management systems continues to grow. Judging from market research data, the automotive electronics market is expected to grow steadily in 2024, with year-on-year growth remaining at around 4%. The company continues to increase investment in research and development in the field of automotive electronics and improve the process technology capabilities of related products. As the company further explores the automotive electronics market and the first phase of Ji'an Shengyi is put into full production and the fourth phase of Dongcheng is put into production, the proportion of automotive electronic products continues to grow.
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Note: This article is forwarded from the Internet "CCTV Finance". The above copyright belongs to the original author. This account remains neutral on the content of the article. If there is any infringement or omission, please contact us in the background for correction or deletion!
Shengyi Electronics released an investor relations activity record form on May 9. The company was surveyed by 48 institutions on May 8, 2024. The types of institutions were QFII, insurance companies, others, fund companies, securities companies, and sunshine private equity institutions. Introduction to the main contents of investor relations activities:
Question: What are the main reasons for the company’s performance and net profit changes in the first quarter of 2024?
Answer: In the first quarter of 2024, the company's total operating income was 884.6127 million yuan, an increase of 142.0077 million yuan compared with 742.605 million yuan in the first quarter of 2023, an increase of 19.12%. The company's turnaround from losses to profits in the first quarter of 2024 is mainly due to the company's continued optimization of its product structure and active improvement of its product business regional layout. As the server market's demand for high-level multi-layer printed circuit boards increases, the company's output, sales volume, and operating income all increased compared with the same period last year, driving the company's net profit to grow and achieve profitability.
Question: What are the products in the company’s communications field?
Answer: In 2024, demand in the global communications field has not improved significantly compared with the same period last year. According to Dell'OroGroup's forecast, the global RAN market will shrink for the second consecutive year in 2024, but the rate of decline should be more moderate. In terms of wired networks, the switch market is in good shape. With the development of AI, the market is expected to expand further and show a trend of iteration towards high-end. In 2024, the company will continue to follow market trends and conduct research, judgment and deployment on various situations, and orders in the overall communications field will be relatively stable. At the same time, the company still maintains a certain amount of R&D investment in high-end communications network products and continues to work closely with leading companies in the industry. It is expected that mass production will be achieved in 2024, which is expected to increase the added value of the product.
Question: The company’s product status in the server field
Answer: According to TrendForce data, global server shipments are estimated to be approximately 13.654 million units in 2024, a year-on-year increase of approximately 2.05%. It is estimated that the number of global AI servers will exceed 1.6 million in 2024, a year-on-year increase of approximately 40%. The development of a series of information technologies such as artificial intelligence, cloud computing, and the Internet of Things will inevitably drive the growth of data. The requirements for high-end servers are generally high-rise, high-density, high-speed, etc., and the value of PCB products will also increase. The company has always regarded the server market as one of its core downstream markets, and has been maintaining close cooperation with leading companies in the industry, continuously optimizing the product structure in the server field, and actively cooperating with end customers in the development of server products. In 2024, as inventory adjustments have been basically resolved, coupled with the continued rise in demand for AI products and the expansion of Dongcheng Phase 4 production capacity, server orders are expected to continue to grow.
Question: The company’s products in the automotive electronics field
Answer: Under the three major trends of automobile electrification, networking and intelligence, the proportion of automotive electronic products in the entire vehicle continues to increase. Automotive electronics account for about 28% of the value of traditional luxury cars, and can reach 47%-65% of new energy vehicles. The demand for related automotive electronic products such as smart cockpits, smart assisted driving, and energy management systems continues to grow. Judging from market research data, the automotive electronics market is expected to grow steadily in 2024, with year-on-year growth remaining at around 4%. The company continues to increase investment in research and development in the field of automotive electronics and improve the process technology capabilities of related products. As the company further explores the automotive electronics market and the first phase of Ji'an Shengyi is put into full production and the fourth phase of Dongcheng is put into production, the proportion of automotive electronic products continues to grow.
============================================================================================================
Note: This article is forwarded from the Internet "CCTV Finance". The above copyright belongs to the original author. This account remains neutral on the content of the article. If there is any infringement or omission, please contact us in the background for correction or deletion!