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-- Manufacturing | Technology (7)--
[car exports] analysts said that car exports reached 4.91 million in 2023, Q1 car exports in 2024 increased by 33% year-on-year, and the whole of 2024 is expected to grow by 12% to 5.5 million vehicles. Chery and Great Wall share more than 25% of the Russian market. The Russian car market totaled 1 million units in 2023. Local car sales doubled in the first three months of 2024, and local car sales are expected to reach 1.5 million in 2024 as more premium models are introduced. It is estimated that BYD will sell 50 to 700000 new energy vehicles at sea in 2025, with total sales of its own brands exceeding 1.6 million vehicles.
[games] analysts said that since December 2023, the number of game version numbers released has increased by more than 25% compared with the same period last year, exceeding 100, and the time for issuing imported version numbers has been shortened to 1: 2 months (up from 3: 4 months). In February 2024, the domestic mobile game market grew by 18% compared with the same period last year. From January to February, the overall growth rate was nearly 9%. In the past four months, the monthly version number of leisure educational games has increased by about 50 per cent, which is in line with the Mini Program channel and is expected to be more prosperous for the whole year. The average monthly input of 2024Q1 Mini Program games is about 4.83 million, down 6% from the previous month and an increase of 91% over the same period last year. Nearly a month, Mini Program game TOP5 is experiencing a rapid reshuffle (TOP5 has remained basically the same in the past half a year). Although the scene is high, the competition is fierce.
[flying car] experts said that the multi-rotor technology route of Ehang Intelligent EH216-S is limited, the endurance capacity is not strong enough, and the speed is not fast enough, so it is not suitable for commercial use and can only be used for air tour business of scenic spots; compound wing technology route and tilt rotor technology route will become the mainstream, and the range capacity is expected to reach 250,000,300 km. In addition, it is estimated that by 2025-2026, 80% of aircraft costs will fall from 60 million yuan to less than 10 million yuan, and further to 5 million yuan around 2030. At present, Xiaopeng and other manufacturers are considering using hybrid power systems on the eVTOL because the energy density of the battery has not yet reached the ideal level. The pure electric power system is suitable for short-distance application scenarios within 100km, while the hybrid power system is suitable for medium-and short-distance cargo and manned scenarios of 100km to 500km. At present, the energy density of the battery in China can reach 280kV, 300Whqqp, KGGGI 800V high voltage fast charge mode, the cycle life of the battery is about 1000 times of charge and discharge. If you fly three times a day, the battery needs to be replaced in more than a year, and the cost is high. At present, the main form of battery is cylindrical cell, because of its higher energy density.
[HBM] analysts say the HBM4 12Hi product is expected to be launched in 2026, with bandwidth up to 1.Freespinsnodepositrequiredkeepyourwinnings.4TB / s, with a capacity of 36~48GB, while HBM4E is expected to be launched in 2028. GDDR7 is expected to be launched by the end of 2024, with bandwidth up to 32GT/s, capacity 16~24GB, and bandwidth to 36GT/s by 2026.
[AI computing] analysts say 60% of the demand in the domestic AI server market is contributed by Internet cloud manufacturers and operators. China Telecom, China Unicom and China Mobile are expected to purchase 4175, 2503 and 8000 AI servers respectively in the next two years. Operators' capital expenditure is expected to reach 47.5 billion yuan in 2024, and cloud business is expected to maintain high double-digit growth.
[home appliance exports] analysts said that from the demand side of home appliance exports, the inventory level of US home appliance retail terminals in December 2023 basically returned to that before the epidemic, and the inventory level increased slightly in the past two months. From the terminal retail data, the recent retail sales data of home appliances in the United States has a year-on-year growth, while that in Europe has declined slightly (the rate of decline has narrowed significantly). The subsequent Fed interest rate cut will boost the demand for home appliances. From the cost point of view, the current cost-side changes are mostly good for home appliance export enterprises. If the RMB exchange rate remains stable, there will be high base pressure on 2024Q2 exchange.FreespinsnodepositrequiredkeepyourwinningsHe didn't have much foreign exchange pressure for three quarters.
According to Internet giant analysts, Facebook expects capital expenditure of $300 to $37 billion in 2024, an increase of $2 billion over previous expectations; Google's capital expenditure reached $11 billion in the fourth quarter of 2023, an increase of 45% over the same period last year, and capital expenditure is expected to be $42 billion in 2024, an increase of 30% over the same period last year; Microsoft's capital expenditure in the first quarter exceeded $10 billion, a year-on-year increase of 50%. Amazon's capital expenditure on AWS cloud services in 2024 is expected to grow by 36% year-on-year.
-- consumption | Medical and health care (1)--
[live pigs] experts said that by the end of March 2024, the sample data of Shanghai Steel Federation showed that sow feed decreased by 15% compared with 2023, piglet feed decreased by 8%, feed fertilizer decreased by 18%, and the total amount of pig feed decreased by 15% compared with 2023, indicating that there were significantly fewer pigs in 2024 than in 2023. Official data show that in March 2024, the stock of fertile sows in the country fell by 1. 5% from the previous month.Freespinsnodepositrequiredkeepyourwinnings.23%, a drop that exceeded expectations. In addition, it is expected that pig prices may change slightly in mid-late May, and pig prices may rise slightly from June to August.
-material | Energy (1)--
[copper] analysts said that according to research, high copper prices to a certain extent suppressed downstream demand, cable factory inventory is not high, the psychological price is 7.3-75000 yuan / ton. In addition, the current mine-end copper ore inventory is less, the industrial chain is mostly overstocked in the refining copper link, while the domestic electrolytic copper social inventory has accumulated to 400000 tons.
-performance | orders (53)-
[Yongyi] management said that the company's 2024Q1 sales revenue increased by about 23% compared with the same period last year, and 2024Q2 sales revenue is expected to continue to grow, mainly due to the gradual climbing of new business and positive changes in the European and American markets. It is expected that the company's overseas business will contribute significantly in 2024, first because the overseas Romanian base has been put into production, and second, because the Vietnam base has successfully settled in a number of new categories, new customers and new business in 2023, and started the construction of the third phase of the production base in Vietnam.
[Kuaishou-WR] analysts said that under the influence of industry regulation, the company's live broadcast revenue will maintain a high single-digit decline in 2024. At present, the company's advertising loading rate is about 9%, compared with Douyin's 15%, there is still more room for uplink. The company accounts for about 10% of mobile Internet traffic and about 8% of advertising revenue. It is estimated that the adjusted profit of the company will be about 16.8 billion yuan in 2024.
Management said that the company's first-year revenue from commercial AIGC application platform products was about 22 million yuan since August 2023. In 2024, the company will focus on the development of AI applications, with expected revenue of 100 to 200 million yuan, privatization of the large model is in the stage of discussion, and the starting cost is about 2000 to 30 million yuan. In 2024, the company hopes to increase its cash flow to 250 million yuan or more from about 200 million yuan in 2023. The company is committed to improving the gross profit margin of its own products, and its long-term goal is to achieve a gross profit margin of 450.46% for industrial digitization and more than 40% for financial digitalization. In addition, the company continues to promote the commercialization of the platform H-Copilot, and has signed up nearly 100 head customers.
[East Asia Machinery] management said that the company's 2024Q1 revenue growth rate of about 20% year-on-year, 2024Q2~Q3 revenue growth is expected to maintain 20% problem, including the air compressor business growth target of 15% to 20% for the whole year. The company's 2024H1 will strive to achieve more than 60 per cent of its annual sales target.
Three Tour de France races are planned to be completed in 2024, with an expected revenue increase of about 45 million yuan and a gross profit margin of 50 percent, according to management. The company is in talks with several cities and there could be 15 games in the next three years. The gross profit margin of the company's IP expansion in 2023 is about 41.7%. With the co-ordination of the Tour de France and the launch of La Liga club activities in 2024, the company's IP expansion gross profit margin is expected to return to more than 50% in 2024.
[Meituan-WR] the management said that the company will focus on exploring the sinking market in 2024, and the company's overall takeout orders are expected to grow by 18% in 2024, and the average daily takeout orders will be close to 72 million in 2025 (expected to be higher than before). In addition, the order conversion rate of Meituan LVB is relatively high, at 3040%, the write-off rate of the overall live broadcast room is about 60%, and the write-off rate for the whole year of 2024 is expected to be about 86%.
[core Ruida] management said that 2024Q2 already has orders for display terminals, and the vehicle display terminal business will contribute revenue to the company. The ratio of traditional module to Mini LED backlight is 1.Freespinsnodepositrequiredkeepyourwinnings1, the price ratio is 1:10, and the price of traditional modules will show a fluctuating downward trend in the next 1-2 years. The room for Mini LED price reduction is generally 2.5%. It is expected to achieve high double-digit revenue growth in 2024.
[Bei Jiajie] the management expects the company's wipes revenue to be about 400 million yuan in 2024, an increase of about 20 percent over the same period last year; toothbrush volume is relatively large, and toothbrush revenue is conservatively estimated to be about 500 million yuan, an increase of about 15 percent over the same period last year; revenue from other oral care products is expected to grow by about 20 percent year-on-year. In addition, 2024 toothpaste revenue is expected to be about 50 million yuan, the current toothpaste production capacity of about 60 million, with the development of customers, the company may invest in two more production lines to increase production capacity.
[Jia Jiayue] management said that the company's supermarket same-store sales increased by 4% from January to February of 2024 compared with the same period last year, and nearly 5% in March compared with the same period last year. The increase in same-store sales is mainly due to the increase in customer traffic (customer traffic increased by about 18% year-on-year), but the customer unit price has declined. In addition, the company will open less than 40 new supermarkets in 2023, and it is expected that 40,50 new stores will be opened in 2024. The province will focus on opening stores in Jinan, Qingdao and Yantai, and outside the province will open stores in Inner Mongolia and Beijing.
[Zhaomin Technology] management said the company's 2024Q1 revenue was 158 million yuan, an increase of about 20% over the same period last year, and its net profit was 35 million yuan, an increase of about 75% over the same period last year. The proportion of Q1's new energy vehicle business revenue has increased to about 40%. At present, the new energy vehicle business contributes about 7080% of the company's overall revenue increment. The company's 2024 revenue is expected to grow by 50% year-on-year, profit growth may be higher than revenue growth, gross profit margin is expected to reach more than 33%.
[Zhongmi Holdings] management said the company's 2024Q1 revenue increased by about 17% year-on-year, of which overseas revenue increased by about 80%. The company's revenue in 2023 is about 1.37 billion yuan, with a revenue target of 1.51 billion yuan in 2024. Overseas revenue is expected to reach 220 million yuan in 2024, an increase of 90 million yuan over the same period last year. The value of the company's current orders-on-hand is at an all-time high of about 1.11 billion yuan.
[Shudao equipment] management said that the company's revenue target for 2024 is 1.18 billion yuan, with a net profit of more than 20 million yuan. The growth mainly comes from the equipment manufacturing sector, Inner Mongolia helium plate and gas-operated nitrogen plate. The equipment manufacturing sector has orders of 14-1.5 billion yuan in 2024, and it is planned to achieve at least 70% this year, with a gross profit margin of 15.2%. The designed production capacity of the helium plate is 500000 square meters per year, which is expected to contribute tens of millions of yuan in revenue in 2024, with a gross profit margin of more than 20%. The nitrogen service provided by the gas operation plate is expected to exceed 5.6 million yuan in 2024, with a profit contribution of nearly 3 million yuan. The revenue target for 2025 is more than 3 billion yuan, of which the equipment manufacturing sector accounts for more than 1 billion yuan, helium operation accounts for more than 2 billion yuan, and the rest is revenue from Yibin Industrial Gas Island.
The management of Qibin Group said that the natural gas facilities at the Chenzhou base of the photovoltaic plate have been put in place, Ningbo and Shaoxing are expected to complete the natural gas connection in August 2024, and the Zhangzhou base is expected to connect the natural gas in 2025. Yunnan plans to light the fire in May and August. At present, the company's large enterprise orders are relatively sufficient, architectural glass processing orders of about 600 ~ 7 million square meters, equivalent to six months of production capacity. In April, the production and sales rate of the company's float glass was 110%, and the cost of the company's float glass was 10% lower than the social average cost. It is estimated that the net profit of Q2 company's float glass will be 400-500 million yuan. With the continuous increase of Q3 and Q4 production lines, the company's net profit of float glass will be 13-1.4 billion yuan in 2024. Although the gross profit margin of the company's photovoltaic glass is similar to that of the head enterprise, the net profit rate is lower than that of the same industry due to the increase of management and financial costs; with the increase of production capacity, the cost will be shared equally, and the net profit rate is expected to increase gradually. The company's net profit per square meter of photovoltaic glass in March 2024 is about 1.50 yuan, and the cumulative net profit from the beginning of this year to March is more than 1.1yuan. It is expected that the net profit level of 2024Q2 per square meter will reach about 2 yuan, thanks to higher prices and lower costs. The company's current inventory level of photovoltaic glass is about 20-25 days, while the lowest inventory of 2024Q1 is about 18-19 days.
[Zhaofeng] management said that the company's 2024Q1 main business income was about 150 million yuan, an increase of 11.64% over the same period last year, while its mother's net profit was about 26 million yuan, up 5.21% from the same period last year. The company's OEM business accounts for about 25% in 2023, and the OEM share is expected to increase in 2024, with a gross profit margin of about 10%. The company's revenue in 2023 is about 800 million yuan, with a revenue target of 1 billion yuan in 2024.
[platinum] management said that the company is currently in the first and second phase of production, with an annual production capacity of more than 400 sets of metal 3D printing equipment and an annual powder capacity of 400t; Phase III of parcels C and D started in March 2024 and is expected to be completed by H2 in 2025 with an annual production capacity of about 1000 sets; and Phase IV of Parcel E started in May 2023 and is expected to be completed by the end of 2024 to early 2025. Revenue growth for the whole of 2024 is expected to be more than 40%.
[Yingjie] management said that the company's 2024Q1 monthly orders are lower than in 2023, single crystal orders are under pressure, polycrystal orders are performing well. The decline in gross margin in 2024Q1's semiconductor business may be related to product structure, after which gross margin is expected to rise. The RF power supply on the semiconductor equipment side will begin to increase in 2024; the gross profit margin of the semiconductor material end is mainly contributed by the silicon carbide power supply, and the company currently has a market share of more than 50%.
According to the management of Azure Dragon, the performance of 2024Q1's production base in Ningxia and Gansu is relatively good, while the production capacity of Henan base is not large. It is estimated that the company's plastic pipe products account for about 40,45% of its operating income in 2024. In addition, the company's gross profit margin of concrete pipe is about 30%, and that of plastic pipe is about 250.27%. It is expected that the gross profit margin of products will remain relatively stable in 2024.
According to the management of Yinbang Co., Ltd., the hot rolling and cold rolling production lines of the Huaibei project will be put into production in mid-May 2024, contributing 60,000 to 70,000 tons of aluminum heat transfer products for the whole year, mainly non-composite plates, and will add more than 100,000 tons in 2025. Full production is planned within three years (350000 tons). In addition, the current automotive liquid-cooled plate business orders are full, supply exceeds demand, and the demand in the chip field is gradually increasing.
[Hengli hydraulic] management said that the company's ball screw products are currently in the sample delivery stage and are expected to receive bulk orders from 2024Q2~Q3. The company's revenue target for ball screw business is 50 million yuan in 2024 and more than 100 million yuan in 2025. The company plans to invest an additional 600 million to 700 million yuan in the Mexican plant in 2024, and the Mexican plant is expected to be put into production in 2024Q2~Q3. The company plans to build a new factory in Brazil, with an initial investment of about 100 million yuan.
[Jiudan Pharmaceutical] management said it expects revenue-side growth of 1520% and profit-side growth of 30%-40% in 2024. Loxoprofen sodium gel paste 2024Q1 hospital sales of 231 million yuan, out-of-hospital sales of nearly 50 million yuan, a total sales income of 281 million yuan, an increase of 14.21% over the same period last year, sales (stickers) increased by nearly 50% year-on-year, and the proportion of out-of-hospital income increased rapidly. Ketoprofen gel paste aims to enter 1500 level II and above hospitals in 2024. 2024Q1 has developed more than 200 hospitals, of which there are about 140. in April, it has developed more than 100 hospitals and is confident of achieving the annual target. Jiaoqi musk deer gel patch has been declared for production and clinical verification will be carried out in the near future. it is expected that 2025H1 will be approved for market by the end of 2024, lidocaine gel patch is expected to be approved for market in 2024, and indomethacin gel patch and flurbiprofen gel patch are expected to be approved for market in 2025.
[Shuangyi Technology] the management said that the total income of 2024Q1 was 130 million yuan, of which the wind power supporting category was about 52 million yuan, slightly lower than the same period last year; the mold category was about 42 million yuan, an increase of about 20 million yuan over the same period last year; vehicle parts business was about 30 million yuan, an increase of about 12 million yuan over the same period last year; and other categories were more than 5 million yuan. The company expects significant growth in mold business in 2024, especially blade moulds, as wind power installation requirements are raised to more than 10 megawatts, blade length increases, and new moulds are needed. In addition, the company mainly serves Xiaopeng and Shanhe Intelligence in the field of low-altitude aircraft mold, providing fixed-wing small aircraft mold. The price of aircraft mold is about 8000,000 yuan / square meter, the size of a set of mold is about 50,000,000 square meters, and the contract value is about 70 ~ 800000 yuan. At present, the order quantity is small, the industry is still in the state of cultivation, and the future income growth depends on the improvement of market volume.
[Guangzhou Lianda] Management said that the number of construction projects in the construction industry is expected to increase in the second quarter, and the company's construction business will accelerate its volume. The gross profit margin of the cost business was stable at about 90% in the first quarter, and the gross profit margin did not change obviously by strengthening cost control and sales cost management in the construction business.
[China Civil Aviation Information Network] management estimates that the number of domestic passengers is expected to reach 630 million in 2024, 7.7pct higher than in 2019; the volume of international flights is expected to return to the level of 80% before the epidemic, and the international market of 2024Q1 is expected to return to about 70%; the company's AIT unit price is expected to fall 1% in 2024 compared with 2019, and the price increase is not considered for the time being. In addition, the company's annual capital expenditure is expected to remain between 600 million yuan and 800 million yuan in the future.
Management expects that the gross profit margin of the company's intelligent manufacturing sector will increase in 2024 compared with the same period last year, mainly due to increased customer awareness of localization and strong government support. The gross profit margin of the AI product line is about 70%, and it is expected that the gross profit margin of smart manufacturing will further increase by the end of the year. 2024Q1's operating performance has improved significantly, orders in southern China have returned to normal, and full-year revenue and profits are expected to expand gradually, with a performance target of more than 20%.
[Nanwei Technology] Management said that the decline in protein chromatography business in 2023 is mainly due to: first, the decline in market demand at the end of the epidemic; second, the concentration of IVD and major client projects; and third, the decline in market prices. In the second half of 2023, the company began to expand new application areas, speed up the launch of new products, and integrate the team, confident that the business will change from negative to positive in the later period. In addition, the volume of 2024Q1's large molecular business is the same or slightly lower than the same period last year, while the small molecular business volume is up 70% from the same period last year.
[Northag] management said it aims to achieve revenue growth of 15% in 2024 and net profit growth of 30% in 2024 (excluding non-recurring gains and losses and share payments). New orders are expected to increase by 2030% in 2024. In the long run, the gross profit margin of large clinical business is expected to be about 35%, the gross profit margin of SMO business is about 25%, and the gross profit margin of series business is back to more than 50%.
[Petty shares] the management said that the pet food order delivery capacity of the Cambodian factory increased in 2024, with an estimated annual pet food production of 8000 tons in 2024, with an income of about 300 million yuan. The New Zealand pet staple grain factory has just been put into operation in 2024, and the gross profit margin is estimated to be about 270.31%. However, due to the increase in costs, the gross profit margin may drop by 20.3%. It will remain at about 25%. The order of Q1 factory in 2024 exceeds 100 million yuan, and the revenue target for the whole year of 2024 is 120 million yuan.
[Chutian Technology] management said that the company currently has no plans to build new production capacity overseas, but is strengthening ROMACO overseas capacity construction and supply chain optimization. In 2024, ROMACO is expected to achieve revenue of 240 million euros, net profit of 6 million euros and gross profit margin growth of 2pct, returning to around 28%.
[Ximen] Management revealed that 2024Q1's cross-border e-commerce business revenue is close to 50 million yuan, an increase of more than 30 million yuan over 2023Q1 and 175% year-on-year growth. This year, the company continues to increase product links and varieties, continue to build new platforms, such as Amazon's North America Station, Canada Station and Japan Station, and open Alibaba's International Station Express, which will continue to contribute to the cross-border e-commerce business.
[Boji Pharmaceutical] management said that the net profit margin of the R & D services business is expected to be no less than 8% in 2024, and it is hoped to reach 10% if the project transfer is realized. The company's 2023 and 2024Q1 orders performed well, and it plans to expand its staff, which is expected to be limited to 200 in 2024.
[Hengtong Optoelectronics] analysts said that Hentong Optoelectronics's profitability mainly came from the construction of new power infrastructure, and power investment data from January to March showed a year-on-year growth of nearly 20%. The bidding volume of Hengtong Optoelectronics Haitong continues to increase, and the company has won nearly 500 million yuan in Hainan project, with a gross profit margin of more than 35%. The company's submarine cable business in the field of optical communications has developed rapidly, and through the acquisition of Huawei Ocean, it has become the only globally competitive submarine cable company in China.
[pilot Intelligence] management said that 2024Q1's overseas business signed a new order of about 1 billion yuan, customers including Porsche and Northvolt. The total value of the winning project of 2024Q1 Company is about 5 billion yuan. The company expects overseas revenue to account for more than 35% in 2024, and overseas business and photovoltaic business will support the company's annual performance increment. The company's photovoltaic business revenue is expected to achieve more than 50% year-on-year growth in 2024.
According to management, the company's revenue is expected to grow by more than 15% in 2024, mainly due to incremental orders from new customers and a large increase in the contribution of environmental appliances (production of environmental appliances will start in June 2024). At present, the company has been waiting for orders from July to August, and under normal circumstances, the visibility of orders is about 45 days, indicating that customer demand is better in 2024.
[Tsuen Yin Hi-Tech] management said that the company's business goal in 2024 is to achieve an income of 4.6 billion yuan and a net profit of 300 million yuan. In 2024, the company will continue to strengthen research, production and marketing and continue to expand overseas business. Among them, the company's rice seed business target annual compound growth rate is 1015%, and the corn seed business target annual compound growth rate is more than 30%.
[action Education] Management said that the company's orders in April 2024 increased by more than 30% compared with the same period in 2023, and the cumulative order volume from January to April in 2024 increased by more than 40% compared with the same period last year. The number of classes arranged by 2024Q2 President EMBA increased by 30% compared with 2023Q2, and the reporting rate of concentrated EMBA was higher than that of 2023Q2. It is estimated that there will be 36 concentrated EMBA sessions in 2024, each with about 400 people, and about 14000 students for the whole year, while the principal EMBA will have 13 classes per month, about 11 months, with about 110 students per class. The headmaster EMBA is expected to raise the price by about 10% this year.
According to the management of Juhua Technology, the company's revenue target in 2024 is 2035% higher than the same period last year; by the end of 2023, the company's on-hand orders will be about 1.7 billion yuan, and the delivery pace is expected to be 3-6 months, and large contracts may take 9 months to complete. The revenue of water meter business exceeds 50 million yuan in 2023, and the revenue target is set at 150 million yuan in 2024. In terms of charging pile business, the price of domestic charging pile in 2024 is very high, which is lower than the company's gross profit margin of 30%, so domestic sales are not good this year; the progress of charging pile business in the US market is not as expected, with revenue of about 60 million in 2023, and the company's products failed to pass the Costco certification for the first time, and did not pass all the certification until the end of March 2024.
[southern Media] management said that the company's programming cat offline training business has carried out 240 stores, 50 new offline franchisees will be added in 2024, and the annual revenue is expected to exceed 40 million yuan. The absolute amount of corporate dividends in 2023 will increase by 15% compared with the same period last year (0.47 yuan per share in 2022). Although affected by income tax in 2024, profits are relatively sound, and the dividend ratio is expected to further increase.
[China Taiyue] management said that 2024Q1 computer business revenue accounted for about 20%, a large year-on-year increase, ICT operation and information security revenue contribution is concentrated in Q4, computer business line profit margins are expected to maintain steady growth for the whole year. More than 150 third-party companies have paid for the company's intelligent outbound robots after the Spring Festival, and the purchase speed is expected to increase, leading to a substantial increase in revenue (more than 60 million yuan in 2023). The company does not have a full-year purchase plan, but makes weekly decisions on next week's launch arrangements, which are adjusted according to real-time changes in the market.
[Cod CNC] management said that the newly signed units of 2024Q1 increased by 32% compared with the same period last year, of which 89% were for complete machines, 8% for production lines and 3% for functional components. The major application areas of 2024Q1's new orders include aerospace (64 per cent), energy (10 per cent), splicing equipment (7 per cent) and cars (4 per cent). The company plans to launch five new models in 2024, four of which have been released at the Shanghai Machine tool Exhibition.
According to the management of Huapei Power, the company's powertrain business achieved a net profit of less than 50 million yuan in 2023, while the net profit of 2024Q1 reached nearly 35 million yuan. The net profit of powertrain business in 2024 is expected to increase significantly compared with the same period last year. The company's sensor business lost about 40 million yuan in 2023, while 2024Q1 realized revenue of nearly 75 million yuan, with a gross profit margin of 20.7 percent. The sensor business is expected to turn a profit in 2024.
[Hisense Home Appliances] the management said that the company's 2024Q1 ice washing revenue increased by nearly 40% compared with the same period last year; household empty income increased by 150.16% year-on-year (the growth rate of domestic and export was about the same); the central air revenue growth rate was high in single digits, but the export growth rate was more than 20%. The 2024Q1 signing of the company's three-power business has doubled compared with the same period last year, and orders can support relatively positive revenue growth until 2025, which is expected to maintain double-digit growth.
Analysts say the company's digital marketing revenue is expected to continue to grow rapidly in 2024, thanks to the growth of Huawei's whale power advertising system. In 2023, the company carried out content promotion such as mango TV, and the revenue and gross profit margin of the Internet media business increased. In addition, the compound growth rate of Internet media business is expected to be 50.8% in 2024.
[Golden Crown Electric] management revealed that the company's overall revenue in 2024 is expected to be 690 million yuan, an increase of 21% over the same period last year, and net profit is expected to be 91 million yuan, up 13% from a year earlier, with a comprehensive gross profit margin of about 35%. The reason for the slower growth of 2024Q1 in 2024 is that 2024Q1 sales include ultra-high pressure orders, have a higher gross margin and are expected to be more balanced for the full year. In addition, the company expects national grid investment in 2024 to remain at the 2023 level of 520 billion or a slight increase, and the lightning arrester market is expected to grow slightly compared with 2023.
According to the management of Xiamen International Trade, the company's operating goal in 2024 is to have an operating income of more than 430 billion yuan and a cost of 426 billion yuan. In 2024, the company's business orientation is quality and profit-oriented, which requires a significant increase in profits. The company is cautiously optimistic about commodity markets in 2024 and does not expect significant growth in domestic demand for traditional commodities. In 2024, the company adheres to the business model of "three-chain integration", actively participates in the operation of the industrial chain, speeds up the expansion of overseas logistics business, and expands new fields.
[Yunyi Electric] management expects the company's revenue and profit growth targets to be more than 30% in 2024. Benefiting from Bosch's withdrawal from the rectifier, regulator and other markets, the company has taken this market share. The proportion of this business in Bosch's total mouth volume has increased from 150.17% in 2022 to more than 20% in 2023, and is expected to increase to 30% in 2024.
The management of Lizhu Group said that the spiritual field is the key specialist area for the company's future development. It is expected that spiritual products will grow by more than 20% in 2024, gonadotropins will grow by 510%, and traditional Chinese medicine will grow by double digits. The products approved for listing in 2023 are expected to contribute new growth points for the company's operation and development. The sales of triptorelin microspheres in 2024 are expected to be 200 million yuan to 300 million yuan, and the sales of tozumab are expected to be tens of millions to 100 million yuan.
[Mingyang Electric] management said that the company's internal growth target for 2024 is 2030% 2024Q1 2024Q1 received 1.9 billion yuan orders, 2023Q1 is 1.4 billion yuan, much higher than expected; in addition, 2024Q1 export orders reached 300 million yuan, the same as for the whole of 2023. The company expects the data center business to grow rapidly in 2024; the sea breeze business will grow in 2024, and 2025 may be the peak year of construction delivery.
[Meanson] management said that the company's cooperation with the Shanghai Institute of artificial Intelligence to develop a large coal mine safety model in 2024 will promote the upgrading of the industry safety monitoring model to version 3.0. The military project has passed the relevant acceptance, and the on-site deployment will be carried out after waiting for the acceptance by the Thermal Power Department. The participating companies use phased array radar technology to provide satellite communications services for customs anti-smuggling. It is expected that in May, Shenzhen Customs will receive an order of about 30 million yuan, covering hundreds of anti-smuggling boats, each set of equipment and services of about 200000 yuan, and an estimated annual business volume of 50 million yuan.
Management said the company set a revenue target of 2.8 billion yuan and a net profit target of 74 million yuan in 2024. The company has formed a data intelligent platform to provide software application and data analysis, management decision support, and released a large model of the nebula, and made progress in telecommunications, power, transportation and other industries.
The management of Lianchuang Optoelectronics said that the company's superconducting business was commercialized in 2023, with sales revenue of 75.4 million yuan and a net profit of 6.79 million yuan, turning a loss into profit for the first time. At present, the company has completed the production and commissioning of two new silicon growth furnace prototypes. The company plans to deliver 50 magnetron single crystal growth furnaces in 2024 at a price of 1.8 million yuan each. The nuclear fusion project is under way and the design is expected to be completed by the end of 2025 and verification devices will be delivered this year. The company has carried out backlight rectification and inventory, and it is expected that the loss of backlight will be reduced to 3000 ~ 40 million yuan in 2024; the loss of cable business has been greatly reduced, and it is expected that the loss will drop to 500 ~ 600 million yuan in 2024, and there will be no loss the year after next. Laser business has been scheduled to November 2024, the current output value is about 600 million yuan, and is expected to reach 800 million to 1 billion yuan by the end of the year.
[Jiuzhitang] management said that revenue is expected to grow by 25% in 2024, and profits are expected to grow by 10%. 2024Q1 revenue and profits have reached more than 30% of the annual budget, and it is believed that the annual target can be achieved or even exceeded expectations. The Angong series is expected to grow by more than 20% in 2024 and Shuxuetong by 3040%.
[Nanling Technology] management said that at present, the gross profit margin of Lingyun SASE business is stable at around 480.49%, and the future gross profit margin is expected to be higher than the level of the first quarter. The company recently won the bid for the aviation field information company project, which is expected to land in 2024.
[Dahao Technology] management said that the company's equipment business has reached an inflection point in 2023Q4, the industry is expected to last for two to three years, and the full year of 2024 is expected to maintain growth of more than 50 per cent. The current order growth continues until the end of June, indicating that 2024H1 even has a good outlook for the whole year, which is rarely seen in history, with orders usually extended to March or April in the previous year, with delivery in May at the latest, and the off-season begins in May.