Feirongda (300602.SZ) posted an advance increase. Net profit for the first three quarters is expected to increase 109.74%-124% from 103 million yuan to 110 million yuan

According to the Zhitong Finance App, Feirongda (300602.SZ) released a performance forecast for the first three quarters of 2024. Net profit attributable to shareholders of listed companies is expected to be 103 million yuan to 110 million yuan in the first three quarters, an increase of 109.74%-124.00% over the previous year.

During the reporting period, the company closely carried out various tasks around the development strategies and business goals set at the beginning of the year, steadily deepened cooperation with customers, actively expanded the market, continuously strengthened cost control, optimized personnel structure, and steadily improved overall business performance. The growth of the terminal business has benefited from a recovery in market demand in the domestic consumer electronics business industry, improved orders, a continuous increase in the market share of the company's mobile phones and laptop terminal products, increased shipments, increased gross margin, and increased profitability.

The company actively expands NEV business applications, builds core technical barriers, enhances the competitiveness of the company's products, and scientifically adjusts the NEV product structure, and the order volume continues to grow. Gross margin in the new energy sector declined during the reporting period due to factors such as rising raw material prices, introduction of new customers, and sampling of some new projects. The PV inverter and energy storage business was affected by the market environment, leading to a decline in order volume, and the revenue situation fell short of expectations.

The company's market share in the communications sector has increased, production capacity has been released, gross margin has increased significantly, and profitability has increased year-on-year. The company's server-related business actively cooperates with customer proofing and small-batch delivery, and cooperation is progressing in an orderly manner.