On August 26, Kunshan Kersen Technology Co., Ltd. (603626) released its 2024 interim performance report.
In terms of revenue, the company reported total operating income of 1.741 billion yuan during the reporting period, a year-on-year increase of 35.62%; the net loss attributable to shareholders of the listed company was 161 million yuan, a year-on-year increase of 132.13%; in terms of assets, the net assets attributable to shareholders of the listed company were approximately 2.57 billion yuan, a year-on-year decrease of 8.98%. The company reported total assets of 5.56 billion yuan at the end of the reporting period, a year-on-year increase of 5.33%, with accounts receivable totaling 1.344 billion yuan; in terms of cash flow, the net cash flow generated from operating activities was approximately 92.76 million yuan, a year-on-year decrease of 66.81%.
The company stated that the change in operating income during the reporting period was mainly due to the mass production of new products, leading to an increase in operating income. However, due to reasons such as the new graphite heat dissipation module not meeting expectations, this resulted in a loss in performance.
Furthermore, the company provides research and development, manufacturing, and partial assembly services for precision metal and plastic structural components required for consumer electronics products, including HNB e-cigarette components, for internationally and domestically renowned clients in the consumer electronics field. This year, the shipments in the consumer electronics industry have slowed down, and the overall scale of the industry is stabilizing. However, the level of competition in the industry has not decreased at all, and the gross profit margin of products is still declining, with fluctuation risks remaining.
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