Junwei Electronics' performance is affected by factors such as downstream industry market demand and sales volume of terminal application products. In recent years, the shipment rate of smartphones and laptops has slowed down as user penetration has reached saturation. In the second half of 2022 and the first half of 2023, affected by the downward trend in the global macroeconomy and the decline in consumer purchasing power, the demand in the consumer electronics market showed a phased downward trend. Starting from the second half of 2023, the consumer electronics industry represented by smartphones gradually recovered.
Based on current operating conditions, orders in hand kazakhstan telegram data and market environment, Junwei Electronics expects its operating income in 2024 to be approximately RMB 600 million to RMB 680 million, a year-on-year increase of 6.39% to 20.57%; it expects net profit attributable to parent company shareholders in 2024 to be RMB 103 million to RMB 115 million, a year-on-year increase of 14.55% to 27.89%.
Junwei Electronics' main business gross profit margin was 48.86%, 47.36%, 46.23% and 47.08% respectively, which was higher than the average gross profit margin of comparable companies in the same industry.
In recent years, the current sensing precision resistor and fuse industry has developed rapidly. In addition to Junwei Electronics, overseas and Taiwan's leading companies such as Yageo, Qiankun, Dayi, Littelfuse, EATON, Schurter, and SOC also occupy a strong dominant position in the industry.