Five companies including Alto and Fumanwei released 2024 performance forecasts, with the highest revenue growth of 40%!

Alto Electronics: The company is expected to achieve operating income of approximately 722 million yuan in 2024, a year-on-year increase of 9.71%.

January 17 | Alto Electronics announced its 2024 annual performance forecast. The net profit loss attributable to shareholders of listed companies in 2024 will be between RMB 28 million and RMB 41 million, and the profit in the same period last year will be RMB 1,377.8 10,000 yuan; net profit loss after deducting non-recurring gains and losses was 29 million yuan - 43 million yuan, profit in the same period last year was 9.8282 million yuan; basic earnings per share loss was 0.04 yuan/share - 0.06 yuan/share.

In 2024, the company will increase its efforts to develop film and television, digital content and other fields, and its operating income in the domestic market will increase year-on-year. In 2024, the company is expected to achieve operating income of approximately 722 million yuan, a year-on-year increase of 9.71%.

In 2024, the company's net profit attributable to shareholders of listed companies has declined significantly compared with the same period last year, mainly due to the impact of macroeconomic and industry factors, the company's credit and asset impairment losses increased year-on-year, and the wholly-owned subsidiary Qianbaihui's domestic intelligent landscape lighting engineering business's repayment was lower than expected, resulting in substantial losses.

In 2024, the company will delve deeply into the film and television industry and operate in this field.Revenue has increased year-on-year, including good results in movie playback, with a total of 36 LED movie screens delivered; its holding subsidiary Chuangxiang Digital has begun to deploy local life business in the third quarter, providing full-process virtual live broadcast technology services for the local life field. Chuangxiang Digital's full-year contract and revenue have achieved year-on-year growth, adding new profit growth points for the company.

Fumanwei: Achieve operating income of 690 million yuan to 700 million yuan in 2024

The 2024 performance forecast was disclosed on the evening of January 17. It is expected to achieve operating income of 690 million yuan to 700 million yuan in 2024; a net profit loss attributable to the parent company of 240 million yuan to 260 million yuan, a loss of 341 million yuan in the same period last year; a loss after deducting non-net profits of 238 million yuan to 258 million yuan, a loss of 349 million yuan in the same period last year.

According to the announcement, the reason for the change in the company's performance is that during the reporting period, the company focused on product innovation, technology iteration, operating cost control, and product structure adjustment, which resulted in the company's product gross profit margin rising steadily compared with the same period last year; however, due to the decline in terminal demand in the LED display industry segment market and the sales prices of related products repeatedly breaking new lows, the company's product sales revenue decreased compared with the same period last year. During the reporting period, the company invested 172.2154 million yuan in R&D, accounting for 25.99% of operating income.

AMEC: Revenue is expected to increase by 40% last year

On the evening of January 14, AMEC (688012) disclosed that in 2024Performance, operating income in 2024 is expected to be approximately 9.065 billion yuan, a year-on-year increase of approximately 44.73% compared to 2023. It is expected that the net profit attributable to the parent company in 2024 will be 1.5 billion to 1.7 billion yuan, a year-on-year decrease of approximately 16.01% to 4.81%. It is expected that the non-net profit in 2024 will be 1.28 billion to 1.43 billion yuan, a year-on-year increase of approximately 7.43% to 20.02%.

As for the reasons for the revenue growth, China Micron said that its main products, etching equipment and thin film equipment, are key core equipment for the semiconductor front-end, with a broad market space and high technical barriers. The company's etching equipment and thin film equipment continue to be recognized by many customers, and the new shipments and sales of high-end products targeting key processes in chip manufacturing have increased significantly.

The announcement shows that the annual sales of etching equipment are approximately 7.276 billion yuan, a year-on-year increase of approximately 54.71%; the sales of MOCVD equipment are approximately 379 million yuan, a year-on-year decrease of approximately 18.11%; LPCVD thin film equipment will achieve its first sales in 2024, with annual equipment sales of approximately 156 million yuan.

In 2024, Micron's revenue will increase rapidly, but its net profit will not grow at the same time. The main reason is that Micron's R&D investment has increased significantly.

AMEC explained that based on market and customer needs, the company has significantly increased its research and development efforts. The current research projects cover six types of equipment and the development of more than 20 new equipment. The company’s R&D investment in 20242.450 billion yuan, an increase of 1.188 billion yuan compared with 2023 (an increase of approximately 94.13%). R&D investment accounts for approximately 27.03% of the company's operating income.

The company has made good progress in the development of MOCVD equipment in the Micro-LED and high-end display fields, and is actively exploring the market for silicon carbide and gallium nitride-based power device applications.

In addition, the announcement stated that China Micro's production and R&D bases of approximately 140,000 square meters in Nanchang and approximately 180,000 square meters of production and R&D bases in Lingang, Shanghai have been put into use, supporting the company's rapid growth in product shipments and sales. At the same time, the company's production and operation management level continues to improve, and its ability to control product costs and operating expenses has been effectively enhanced. The company continues to develop key parts suppliers to promote the stability and security of the supply chain. The equipment delivery rate remains at a high level. The timely delivery of equipment also provides strong support for the company's sales growth.

Another reason for the decline in net profit is that in 2023, China Microwave Company sold part of its shares in Tuojing Technology Co., Ltd., resulting in an after-tax net income of approximately 406 million yuan. However, the company will have no income from this equity disposal in 2024.

Vogel Optoelectronics: It is expected to achieve annual operating income of 2.1 billion to 2.35 billion yuan in 2024.

On January 17th, Vogel Optoelectronics announced that it expects to achieve annual operating income of 2.1 billion yuan to 23.0 billion yuan in 2024.50 million yuan, a year-on-year increase of 15.79% to 29.58%. The net profit attributable to the owners of the parent company is expected to be -95 million yuan to -139 million yuan, indicating a loss. The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses is expected to be -106.5 million yuan to -155.5 million yuan.

The main reasons include the decline in sales unit price and comprehensive gross profit margin of traditional optoelectronic glass finishing business and optoelectronic device products, as well as the increase in R&D investment, management expenses, marketing and other expenses. The impact of non-recurring gains and losses is mainly due to the recognition of Xingwei Electronics' performance commitment compensation income in the same period last year but no such income in this period. At the same time, the company terminated some trade-related businesses during this reporting period.

GQY Video: It is expected to achieve revenue of 135 million yuan-185 million yuan in 2024

On January 18, Ningbo GQY Video Co., Ltd. released its 2024 performance forecast, which is expected to achieve revenue of 135 million yuan-185 million yuan; it is expected that the net profit attributable to the parent company in 2024 will be a loss of 45 million yuan to a loss of 60 million yuan, a decrease of 122.87%-197.15% from the same period last year; it is expected that in 2024 Excluding non-net profit for the year, the loss will be 55 million yuan to 72 million yuan, a decrease of 64.79%-115.73% compared with the same period last year.

In 2023, the operating income was 135.0245 million yuan; the net profit loss attributable to the parent company was 20.1915 million yuan; the non-net profit loss was 33.3754 million yuan.

GQY Video stated that the main reasons for the pre-performance loss are: 1. Affected by factors such as intensified industry competition, declining product gross profit margins, and rising period expenses, the overall profit margin has been further squeezed, and the gross profit margin of the company's main business and the net profit attributable to shareholders of listed companies have both declined; 2. According to the company's business development status, In accordance with the Accounting Standards for Business Enterprises, the company adjusted its accounting policies and estimates and other relevant regulations. The company conducted comprehensive inspections and impairment tests on various assets based on the principle of prudence, and made provision for asset impairment; 3. During the reporting period, the actual operating conditions of the joint-stock company Shenzhen Lanpu Video Technology Co., Ltd. did not meet expectations, and investment losses occurred during the period.