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Xinjinggang: performance continues to climb, civil demand releases room for future growth. On the evening of April 24, Xinjing just released its 2023 report and the first quarterly report of 2024. Judging from the data, the overall development trend of the company is good, and the company's operating income and net profit level are rising steadily. 2023Baccaratvotive...
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Xinjinggang: performance continues to climb, civil demand releases room for future growth. On the evening of April 24, Xinjing just released its 2023 report and the first quarterly report of 2024. Judging from the data, the overall development trend of the company is good, and the company's operating income and net profit level are rising steadily. In 2023, revenue reached 511 million yuan, an increase of 18.75 percent over the same period last year; net profit returned to the mother was 139 million yuan, an increase of 5.83 percent over the same period last year; and non-net profit was 134 million yuan, an increase of 7.80 percent over the same period last year. In the first quarter of 2024, Xinjin just achieved revenue of 131 million yuan, an increase of 11.05% over the same period last year, a net profit of 41.4629 million yuan, an increase of 15.63% over the same period last year, and a deduction of 41.3049 million yuan, an increase of 17.55% over the same period last year. It is worth mentioning that while making outstanding achievements, Xinjing has just launched.Baccaratvotive10 1 yuan (including tax) annual dividend plan, a total of 24.8425 million yuan in cash dividends, actively enhance the sense of return and achievement of investors. In recent years, the national defense army modernization information construction strategy continues to implement, the national defense cost is increasing year by year, and with the advent of the era of the Internet of everything, the civil RF market space continues to expand, the current market scale of special application fields shows a good trend of continuous expansion. In this context, last year, Xinjing just persisted in focusing on the development strategy, focusing on the development of its main business, grasping market opportunities, continuously deepening market development, and developing endogenous growth and extension at the same time, resulting in a satisfactory answer. At present, under the guidance of the goal of strengthening the armed forces in the new era, the construction of national defense information, intelligence and joint combat systems has been accelerated, and actual combat training and weapons and equipment upgrading have been accelerated. According to the relevant research report of CITIC Construction Investment, in the field of detection and electronic countermeasures, the cost of microwave components accounts for more than 60% of the cost of related equipment, and the national defense information strategy will give rise to a large number of demand for RF microwave products. Kuan Pu Technology, a subsidiary of Xinjingang, is a leading company in the field of radio frequency microwave transmission for special applications in China. Its main products include radio frequency microwave devices, modules, components and equipment, etc. It is committed to providing customers with the best radio frequency microwave transmission solutions and products for domestic customers in special application fields. In June last year, Xinjin just deeply implemented the enterprise strategy of subdividing the market industry chain by extension, and successfully completed the acquisition of 60% stake in Renjian Microwave. Renjian Microwave is a leading professional manufacturer of microwave frequency sources in China, focusing on the design, production and sales of microwave frequency sources, signal sources and related components, and the frequency of its products cover DC-50GHz. Renjian Microwave is effectively complementary to Broadband Technology, which has established a leading position in the field of special applications of RF microwave low-band transmitting components. It is worth noting that in addition to the military field, radio frequency microwave technology is also widely used in domestic large aircraft, satellite Internet, intelligent driving, unmanned equipment and other special application fields. the rapid development of these fields has also greatly enriched and expanded the market space of radio frequency microwave business. On the one hand, with the rapid progress of mobile communication technology, mobile terminal devices from mobile phones to tablet computers, smart wear continue to enrich, emerging applications are gradually developing, and the value of stand-alone RF front-end chips is increasing. There is a demand for growing support for RF front-end chips. On the other hand, under the influence of the outstanding contribution of the "star chain" technology in the Russian-Ukrainian conflict, and under the guidance of Huawei's industrial chain mobile phone directly connected satellite, the attention of the concept of satellite communications has been once again strengthened. At the same time, the Ministry of Industry and Information Technology issued a relevant system on promoting the reform of satellite Internet business access system, which led to a high degree of attention in the field of satellite manufacturing and satellite Internet. Radio frequency components, which play an important role in the two key links of satellite Internet industry, satellite communications and terrestrial equipment, will also promote the further development of radio frequency and microwave product market. In addition, as a typical representative of China's high-end equipment manufacturing industry, domestic large aircraft will drive civil aviation equipment into a critical period of speed-up development. it will also effectively expand the market space of RF microwave products mainly used in radar and communication modules of domestic large aircraft. According to the forecast of YoleDevelopment, the global mobile RF front-end market is expected to reach US $22.8 billion in 2025, of which the RF power amplifier module market is expected to reach US $8.931 billion, the discrete RF switch and LNA market is expected to reach US $1.612 billion, and the market for connecting SoC chips is expected to reach US $2.395 billion. Deeply grasp new opportunities for development and stimulate endogenous momentum for capacity growth in December last year, Xinjin just completed a summary procedure to issue shares to specific targets and raised 246 million yuan. Among them, it is proposed to use the raised funds of 172 million yuan to invest in the "Radio Frequency Microwave industrialization Base Construction Project". The construction period of the project is 24 months. Soon after, the signing ceremony of the Xinjinggang (Croucher) Electronic Information Industry Park project was held in January 2024. The project plans to build about 35000 square meters of industrial carriers and supporting properties for Xinjinggang Company and its subsidiary Kuanpu Technology. Engaged in radio frequency microwave power amplification and filtering, receiving, frequency conversion and other related circuit module, component, equipment and system design, development, production and service. Xinjing just said that the rapid release of market demand in the RF microwave industry for special applications has created a good development opportunity for the company's development. After the completion of the industrialization base of high-standard planning and construction, Xinjing will continuously improve the level of R & D and testing equipment, experimental environment and production facilities, so as to meet the new requirements brought about by changes in product structure and stimulate stronger production capacity of the enterprise. (Wen Sui) proofreading: Wang Wei
