Gelonghui January 19 丨Fuchuang Precision (688409.SH) announced an advance performance increase announcement for 2022. The company expects net profit attributable to parent company owners to be 215 million yuan to 258 million yuan in 2022, an increase of 69.97% to 103.97% over the previous year; net profit attributable to owners of the parent company after deducting non-recurring profit and loss is expected to be 165 million yuan to 198 million yuan in 2022, an increase of 120.45% to 164.54% over the previous year.
The main reasons for the change in performance in the current period are:
1. During the reporting period, the semiconductor industry was very prosperous, demand in the downstream market was strong, the company continued to expand domestic and foreign markets, core product revenue continued to grow rapidly, and sales orders continued to rise, driving steady growth in overall revenue.
2. During the reporting period, the company continued to increase investment in R&D, implemented lean management, optimized production processes, increased capacity utilization, and reduced unit costs and achieved profit growth due to the release of scale effects.