“Science and Technology Innovation Board Daily”, July 29 (Reporter Wu Xuguang) On the evening of July 29, Jingye Intelligence revealed the performance forecast. It is expected to achieve operating income of 94.7 million yuan in the first half of 2024, up 2.22% year on year; net profit to mother is 12.4 million yuan, up 18.16% year on year; net profit after deducting non-net profit is expected to be 1.3 million yuan, up 90.39% year on year.

As for the reasons for the change in performance, Jingye Intelligence stated that the main reasons were the following: first, the company's business orders were executed in an orderly manner, and the operating income increased slightly; second, the company used its own funds to manage cash to increase investment income, etc.; third, the company reduced product costs and enhanced profitability; and fourth, it was due to a combination of strict control of various costs and expenses.

However, the “Science and Technology Innovation Board Daily” reporter noticed that starting from the first quarter of 2023, for four consecutive quarters, Jingye Smart's gross margin showed a downward trend. As of the first quarter of 2024, the company's gross margin was 43.27%, down 11.01 percentage points from the first quarter of 2023.

Jingye Intelligence explained that there are certain differences in the gross margin of the company's different products and projects, and that fluctuations in the quarterly operating margin are mainly affected by differences in the product and project structure delivered in the current period.

Born out of CNNC Group, Jingye Intelligence, founded in 2015, is mainly engaged in R&D, production and sales of special robots and intelligent equipment. Its main products include nuclear industry robots, nuclear industry intelligent equipment, non-nuclear special intelligent equipment, etc. The products are mainly used in the nuclear industry.

In March 2024, China Nuclear Power announced its 2024 investment plan, and capital expenditure increased sharply by about 52% year on year. In the same month, Jiangsu Shentong Company, a key valve supplier for nuclear power, issued a fixed increase plan to expand nuclear power valve production capacity through fixed increases.

“Judging from the 2024 investment plan announced by China Nuclear Power, the nuclear industry continues to increase investment. How is the company's layout in terms of products and business?” In April of this year, an institutional investor said during an exchange with the company.

In response, Jingye Intelligence explained that the company is advancing in the fields of post-processing, fuel sector, and nuclear technology applications in the nuclear industry, breaking through the nuclear power business, participating in new fields such as advanced reactors and nuclear fusion; developing military business to ensure growth in military business, etc.

Regarding the company's business recovery in all aspects of the nuclear industry in the first half of this year, Jingye Intelligence said that the nuclear industry, as the cornerstone of national security, is in the best strategic development opportunity period, and digital intelligence is the key engine for promoting the transformation and upgrading of the nuclear industry and achieving high-quality development.

“Currently, the company is in strong demand for intelligence in spent fuel post-processing, nuclear fuel component manufacturing and other special processes in the nuclear industry. The business orders obtained for all aspects are normal, and delivery tasks are being carried out in an orderly manner throughout the year.” Jingye smart supplement.