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Junsheng Electronics turned losses into profits in the third quarter, and the automobile safety business won a big order of 4 billion yuan.

2025-01-15 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

According to the news on October 24, today, Junsheng Electronics (600699) released its three quarterly results for 2022. In the third quarter, the company achieved revenue of 12.823 billion yuan, an increase of 22.63% over the same period last year, and a net profit of 236 million yuan, turning losses into profits over the same period last year. Among them, the company's automotive electronics business achieved a business income of about 4.1 billion yuan in a single quarter. The operating income of the automobile safety business is about 8.7 billion yuan in a single quarter.

On the evening of October 20, Junsheng Electronics disclosed that the company's Automotive Safety Division has successively acquired customers such as domestic independent brands, new car-building forces and overseas brands (limited to confidentiality agreements, their names cannot be disclosed, hereinafter referred to as "customers"). The Automotive Safety Division will provide all kinds of active and passive safety products and solutions for the above-mentioned customers, including intelligent electric vehicles. The total amount of the order is expected to exceed 4 billion yuan. According to the agreement with the customer, the above designated projects are expected to start mass production as early as 2023, which will not have an impact on this year's business performance, but will have a positive impact on future business performance.

In the first half of this year, due to the epidemic in Shanghai and other reasons, the company once fell into a loss, but the operating results in the third quarter suddenly reversed the weakness of the previous two quarters. Junsheng Electronics said that since the beginning of this year, its new business orders have remained strong, with new business (new energy vehicle business) accounting for more than 50% of orders.

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