Affected by the intensified competition in the rail transit market, China Railway Signal & Communication Corporation's revenue and net profit both declined in the first half of the year. It will still take time for the low-altitude business to contribute
①Regarding the decrease in revenue, China Railway Signal & Communication Corporation stated that the company is focusing on the development of its main tasks, promoting the transformation and upgrading of traditional industries, preventing operational risks, and the income from engineering projects has decreased. ②In the first half of 2024, the company's total newly signed contract amount accumulated to 21.023 billion yuan, a year-on-year decrease of 33.62%.
Huafeng Technology's H1 has transitioned from profit to loss and has delivered a large number of high-speed line module products.
① In the first half of this year, Huafeng Technology's net income attributable to the parent company was a loss of 17.9268 million yuan, a year-on-year decrease of 147.62%, and a transition from profit to loss. ② Huafeng Technology stated that sales revenue of products in the communication and industrial sectors increased in the first half of the year, but costs rose, gross profit decreased, and operating expenses increased. ③ Several research projects of Huafeng Technology are worthy of attention, all of which involve hot tracks and industries currently widely focused on in the market.
Times Electric's net profit in the first half of the year increased by 30.56% year-on-year. Some of the investment projects are delayed.
1. Times electric stated that in the first half of 2024, revenue growth benefited from the growth of railroad investments, passenger traffic recovery, and other factors, with the year-on-year growth of the acceptance and delivery volume of rail transportation products. 2. Times electric's subsidiary, Yixing Zhongche Times Semiconductors Co., Ltd., plans to invest approximately 0.946 billion yuan in the construction of medium and low voltage power component production capacity (Yixing) project.
Net income in the first half of the year decreased by nearly 40% year-on-year. Inner Mongolia First Machinery Group: delivery of some significant contracts will be made in the second half of the year. Interpretations.
①Inner Mongolia First Machinery Group's performance fell during the first half of the year, with a nearly 40% decrease in net income compared to the same period last year. ②Company representatives stated, 'There are some significant contracts that will be delivered in the second half of the year, including military and civilian products.'
The curtain opens for the large-scale construction of integrated vehicle-road cloud with a series of approved demonstration projects.
In the past few months, many local governments have launched "vehicle-road-cloud integration" projects one after another. The first batch of pilot cities, including Beijing, Wuhan, Changchun, Fuzhou, and Inner Mongolia Erdos Resources, have successively approved demonstration projects. Huaxin Securities pointed out that the prelude to the large-scale construction of vehicle-road-cloud integration has been opened, and the industry is about to usher in a period of rapid development.
Tayho Advanced Materials Group: Significant recovery in Q2 performance, production capacity of aromatic polyester separators to be released | Interpretations
① In the first half of the year, there was a price decline in the spandex and aromatic polyamide industries. Tayho Advanced Materials had a net profit of 0.117 billion yuan attributable to the parent company in the first half of the year, a year-on-year decrease of 45.37%, and a gross margin decreased by 8.68 percentage points compared to the same period last year. ② The company's Q2 performance improved, with revenue and net profit increasing by 6.1% and 16%, respectively. ③ The company's battery aromatic polyamide coating separator has realized small-scale orders. The new production line is under construction, and it will enter a capacity release period in the future.