On August 22nd, Xiamen IntreTech Co., Ltd. (002925) released its 2024 interim report. The report indicates that during the reporting period, the company achieved operating revenue of 1.575 billion yuan, a decrease of 14.56% compared to the same period last year. The net profit attributable to the shareholders of the listed company was 136 million yuan, a decrease of 33.25% from the same period last year.
Among them, innovative consumer electronics products accounted for 30.24% of the operating income, totaling 476 million yuan, showing a year-on-year decrease of 7.56% compared to the same period last year.
The company stated that the year-on-year decline in revenue from innovative consumer electronics was primarily due to competitive market pressures, transitioning between old and new projects, and the slow progress in scaling up production capacity for key new projects, particularly in the engraving machine and e-cigarette product categories. Additionally, the market competition and development of emerging formats such as cross-border e-commerce had a significant impact on the health and environmental products sector, intensifying market competition. Furthermore, the inventory situation of downstream customers also negatively affected this sector.
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