Zhitong Finance and Economics learned that Essence International released a research report saying that at present, LK Technology (00558) has sufficient orders in hand, and it is expected that 2.6 billion orders will be delivered in the next 3-6 months, which will bring strong support for revenue growth in the second half of the fiscal year. The bank is optimistic about the development prospects of integrated die-casting, and LK Technology, as an industry leader, will continue to benefit, so it is recommended to pay attention. With the rapid development of new energy vehicles and the growing market demand for ultra-large die-casting auto parts, LK Group's die-casting machine business has maintained double-digit growth in the past three years. In October 23, LK Technology released the world's first 16000t ultra-large die-casting unit, ahead of its competitors.
According to the report, the revenue of the company's die-casting machines, injection molding machines, and CNC machining centers during the performance period was 1997/6.78/0.HK$8 billion, down 26% growth of 27% down 471%。The overall demand for die-casting machines maintained steady growth, and the delivery cycle of most machines was delayed, concentrated in the second half of the fiscal year, resulting in a slight year-on-year decline in operating income in the first half of the fiscal year. As an important equipment in the plastic processing industry, injection molding machines are widely used in various fields, including automobiles, electronics, home appliances, daily necessities, etc.
In the case of intensified competition in the industry and insufficient market demand, the company actively analyzed the market situation and successfully developed a number of new models such as the Elettrica series, the VARIA series and the VA1000 hydraulic injection molding machine, which further improved the precision, energy saving and intelligence, and extended customers to new fields such as auto parts, providing strong support for the recovery of revenue in the first half of the fiscal year. The overseas market sales of the CNC segment are less than expected, the current business scale is still small, and more dependent on the three-in-one sales strategy, some of its customers and the die-casting machine business customers overlap high, and the machines are mostly delivered in the second half of the fiscal year. With the recovery of downstream market demand and the realization of the delivery cycle, the performance of the CNC segment is expected to improve in the second half of the fiscal year.