Benefiting from the recovery of downstream consumer electronics, automobiles and other industries, the net profit of Wald (688028), a domestic tool comprehensive solution provider, increased by more than 60% year-on-year last year.
On the evening of February 25, Wald's 2023 performance report showed that the company achieved an operating income of 60.3 billion yuan, a year-on-year increase of 4552%, net profit 10.1 billion yuan, a year-on-year increase of 6137%, basic earnings per share of 066 yuan, a year-on-year increase of 293%。
In this regard, World said that in 2023, the company's financial situation is good, during the reporting period, the company benefited from the recovery of downstream industries such as consumer electronics and automobiles, the overall development of the company's tool business is good, the number of customer orders continues to grow, the market share and market penetration rate have increased steadily, and at the same time, the expansion and breakthrough to downstream applications such as aerospace, precision molds, engineering and general machinery have been accelerated, which has promoted the stable growth of the company's operating performance.
World also said that during the reporting period, the company consolidated technology research and development innovation, and the new products 3C electronic products with titanium alloy material structural parts processing tools, constant velocity universal joint processing with fairway PCBN milling cutters, ball screw processing PCBN rotary milling inserts have been introduced to the market one after another, achieving market breakthroughs and operating income growth.
In addition, the announcement shows that in 2023, World will also strengthen its sales and marketing work, and will be effective in the development of new customers, and the coverage of customer groups will be further expanded; Continue to promote the internationalization strategy, practice the "going out" policy, participate in the competition in the global tool market, and achieve rapid growth in export revenue.
According to Wald's 2023 semi-annual report, the company is a leading comprehensive tool solution provider in China, providing customers with tools covering superhard, cemented carbide, cermet materials, and its tools can be applied to the precision and efficient processing of parts and components in 3C, automobile, wind power, nuclear power, construction machinery, general machinery, precision molds, aerospace and other fields. Diamond heat sink materials, diamond acoustic devices, diamond tool materials and diamond film coating products, etc.
In the first half of 2023, the revenue of World superhard tools, cemented carbide tools, and superhard materials accounted for a total of ., respectively54%, and the proportion of domestic and foreign business revenue was .29%。In the first three quarters of 2023, Wald's revenue increased by 56% year-on-year08% to 42.3 billion yuan, net profit increased by 120% year-on-year to 74.51 million yuan.
It is worth noting that recently, Wald has been surveyed by hundreds of investment institutions. During the investigation, Wald executives revealed that the company's diamond scoring wheels, grinding wheels and other products can be used for the cutting and grinding of LCD panels, substrate glass, touch screens, cover glass, OLED panels and other Internet and Internet of Things intelligent terminal components. In the first half of 2023, the revenue of this business declined, and in the second half of the year, with the recovery of the consumer electronics industry, the annual operating income was basically the same as that in 2022, and in 2024, as the prosperity of the consumer electronics industry chain bottomed out, coupled with the mass production of new products such as diamond micro drills, the business segment will have a better performance.
Wald introduced that due to the brittle characteristics of the glass material of the LCD screen and the rigid OLED screen, it is suitable for diamond knife wheel cutting, so the cutting of LCD screen and rigid OLED screen mainly adopts the diamond knife wheel cutting method, while the carrier of the flexible OLED screen is plastic polymer, which does not have brittle characteristics and cannot be cut with a diamond knife wheel, and is currently mainly used for laser cutting.
At present, the consumer electronics industry has shifted from traditional application fields such as mobile phones, laptops, and TVs to emerging subdivided application fields such as VR AR and smart watches, and semiconductor display technology has also shifted to LCD-based, OLED, MiniLED and other multi-point flowering patterns continue to change, and products such as diamond scoring wheels still have good room for development in a certain period of time in the future. Wald executives told the agency.
In addition, in response to the "going out" strategy, Wald said that the company's product exports are mainly concentrated in Europe and North America, especially Canada, which is growing rapidly. In addition, the company will begin to increase its layout in the United States, Mexico and India markets in the second half of 2023.
In fact, in addition to Wald, there are other companies that have also benefited from the recovery of industries such as consumer electronics, and their performance in 2023 has achieved good year-on-year growth.
For example, on the evening of February 25, the company released its 2023 annual performance report, showing that the company's total operating income in 2023 reached 88.7 billion yuan, a year-on-year increase of 156%, net profit of 200 million yuan, a year-on-year increase of 3687%；Basic earnings per share was 1$5.
Lixin Micro said that during the reporting period, due to the structural recovery of the international and domestic consumer electronics markets, the demand for the company's products from major customers was further improved, and the company actively promoted the development and upgrading of new product lines around the market and customer needs, and the introduction of new products in the client was good.
In addition, previously, OFILM and Aiwei Electronics have disclosed that the company is expected to turn losses into profits in 2023, mainly benefiting from the continuous recovery of the consumer electronics market.