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An increase of 19.53% over the same period! Lixun Precision releases 2023 half-yearly report

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--

On the evening of August 28, Lixun Precision Industry Co., Ltd. (hereinafter referred to as "Lixun Precision") released its semi-annual report for 2023: the company realized sales revenue of 97.971 billion yuan, an increase of 19.53% over the same period last year; the net profit attributed to the owner of the parent company was 4.356 billion yuan, an increase of 15.11% over the same period last year. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 4.154 billion yuan, an increase of 22.48% over the same period last year. Lixun Precision actively builds the competitiveness in the new era with the leading science and technology strategy as the core, strengthens the coordination of business sectors, deepens the transformation and transformation of business models, and develops innovative businesses rapidly, laying a good foundation for annual performance growth.

Outstanding performance, on the one hand, stems from Lixun's precise implementation of corporate strategy. Absorb global research talents, vigorously introduce high-end talents, and continuously improve the R & D network. On the other hand, Lixun Precision continues to increase the transformation of R & D achievements, turning scientific research breakthroughs into important new products, and releasing a number of new products one after another to consolidate the business landscape.

Looking back at the first half of 2023, geopolitical conflicts escalated, supply chain challenges intensified and inflationary pressures continued to rise. In the face of many challenges, Lixun Precision follows the strategic path of the "three five-year plans", continues to increase revenue and reduce expenditure, firmly follows the diversified route of products, customers and markets, and strengthens the company's leading position in the industrial chain by constantly improving the efficiency of internal management. with a steady attitude, we have made remarkable achievements.

In the consumer electronics sector, due to the passive accelerated development of the "home economy" in the past three years, electronic products such as PC have experienced early consumption on the demand side, but by the first half of 2023, the supply and demand situation has been effectively improved. Lixun precision computer interconnection products and precision components business showed year-on-year growth in the second quarter. In addition, Lixun Precision takes "process + underlying technology" as the capability base, relying on the vertical integration and efficient collaboration of components, modules and system solutions, in the core consumer electronics new and old products and different customers, have achieved excellent performance.

In the automotive business sector, the trend of electrification and intelligence of the automobile industry continues to evolve, and the Chinese market continues to take the lead in the new trend and is in the ascendant. Relying on the diversified product matrix of automotive wiring harness, connectors, intelligent cockpit and self-driving established in the past decade, supplemented by the rapid iterative ability and cost control consciousness accumulated in the field of consumer electronics, under the big wave of electrification and intelligence, Lixun precision auto parts business continues to show explosive growth. At the strategic level, Lixun Precision attaches great importance to establishing deep-seated and multi-dimensional strategic coordination with brand customers. On the one hand, it continues to provide customers with quality products and services, on the other hand, the global vehicle sales accumulated by many brand customers also provide a solid guarantee for the sustained growth of the company's core parts products.

In the communications business sector, Lixun Precision is based on core components, with the help of the deep accumulation of related technologies in electrical connection, optical connection, power supply, heat dissipation, radio frequency and other products, the strategy of dual-drive coordinated development of "core components + system-level products" has been formulated. Under the guidance of the strategy of "application generation, development generation and research generation", Lixun precision communications related products continue to gain high recognition from customers at home and abroad in terms of technology research and development, technological breakthroughs, product precision manufacturing and so on. the product end market performance is excellent, the overall business scale shows a trend of rapid growth.

Lixun Precision has been established for many years, adhering to the core values of "pragmatic, enterprising, pioneering, innovative, cooperative, integrated, grateful and rewarding", constantly improving the quality of products and services to meet the diversified needs of customers. The revenue data of this semi-annual report is eye-catching, which once again strongly proves the scientific accuracy of Lixun's precision development strategy and has passed the market test. In the future, Lixun Precision will continue to increase its investment in leading science and technology, layout and invest in new cutting-edge technologies, and is committed to becoming an excellent solution provider for the consumer electronics and even automotive electronics industry.

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