In terms of performance, during the reporting period

In terms of performance Xingfu Electronics’ operating income was approximately RMB 529 million, RMB 792 million, RMB 878

million and RMB 512 million, respectively, and the corresponding net profits were approximately RMB

100 million, RMB 191 million, RMB 124 million saint vincent and the grenadines email list 100000 contact leads and RMB 85 million, respectively, showing an overall growth trend.

As the integrat circuit market gradually recovers, the company’s main business revenue continues to

grow. At the same time, benefiting from the valueadd tax additional duction policy for integrat circuit

enterprises, the company expects to achieve operating income of 1.01 billion yuan to 1.2 billion yuan in 2024, a yearonyear increase of 14.99% to 36.62%; it is expect to achieve net profit attributable to parent company shareholders after ducting nonrecurring gains and losses of 145 million yuan to 162 million yuan, a yearonyear increase of 39.53% to 55.89%.

The company’s main financial data and financial indicators, image source: prospectus

During the reporting period, Xingfu Electronics’ overall gross profit margin was 27.46%, 31.50%,

27.72% and 28.14% respectively, with certain software outsourcing should not be fluctuations. The decline in the company’s overall gross

profit margin in 2023 was mainly due to production instability caus by the commissioning of new

production lines, market price ructions, and new products being in the market development stage.

It is worth noting that the wet electronic chemical materials industry in which Xingfu

Electronics is locat is a technologyintensive industry. The research and development of its new

products and the improvement of new processes are inseparable from R&D and technical talents with

solid theoretical knowlge and rich practical experience. With the rapid development of the industry,

competition for talent within the industry will become philippines numbers increasingly fierce, and the company faces the risk of shortage or loss of R&D and technical talent.

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