YIZUMI(300415)2024-05-24 07:42Financial Performance - Q1 2024 revenue reached 954.7451 million yuan, an increase of 11.72% year-on-year [1] - Q1 2024 net profit attributable to shareholders was 115.9134 million yuan, up 28.83% year-on-year [1] - 2023 overseas sales revenue was 1.0942314 billion yuan, a 20.07% increase year-on-year [3] - 2023 R&D expenditure was 212.3579 million yuan, accounting for 5.18% of total revenue, a 17.61% increase year-on-year [3] Market and Industry Trends - Automotive industry, especially new energy vehicles, is the largest downstream sector [1] - 3C industry began to recover in H2 2023, while home appliance industry showed rapid growth in 2024 [1] - Injection molding machine market demand stabilized in 2023, with sales outperforming industry average [5] - Full-electric injection molding machines maintained growth momentum in 2023 [5] Global Expansion - Over 40 overseas distributors covering more than 70 countries and regions [3] - Established factories in India, R&D center in Germany, and service centers in Brazil and Vietnam [3] - Overseas sales CAGR over the past decade significantly higher than domestic market [3] Product Development and Strategy - New product launches and raw material price reductions contributed to Q1 2024 gross margin improvement [3] - Continuous investment in R&D with a three-tier system led by Central Research Institute [3] - Transitioning from equipment provider to system solution provider [4] - Focus on high-end, intelligent, and green product technology development [3] Operational Efficiency - Sufficient order backlog with plans to improve production efficiency and delivery capacity [1] - Established comprehensive YFO service system for full lifecycle customer support [4] - Implementing direct sales and distribution hybrid model in domestic market [4] Future Outlook - Confidence in healthy development for 2024 with focus on customer, product, and operational upgrades [5] - Plans to accelerate globalization, optimize customer structure, and enhance operational efficiency [5] - Positive industry recovery trend in 2024 with increased demand [5]