For the business progress in Malaysia, Dongguan Dingtong Precision Metal Co.,Ltd. indicated that it is currently developing new projects continuously, as well as conducting small-scale production, but the performance improvement is not very obvious. Dongguan Dingtong Precision Metal Co.,Ltd. mentioned that the main growth in performance is due to the increase in customer orders in the communication business, resulting from demand growth.
On October 21, Securities Times (Reporter Wu Xuguang) benefited from the growth in demand for communication business, Dongguan Dingtong Precision Metal Co.,Ltd.'s revenue and net profit doubled in the first three quarters.
On the evening of October 21, Dongguan Dingtong Precision Metal Co.,Ltd. released the third quarter report for 2024. During the reporting period, the company achieved revenue of 0.251 billion yuan, a year-on-year increase of 58.15%; the net profit attributable to shareholders of the listed company was 29.0382 million yuan, a year-on-year increase of 262.57%.
Regarding the performance changes, Dongguan Dingtong Precision Metal Co.,Ltd. stated that the increase in customer orders in the communication business during the reporting period was the main reason for the performance improvement.
In terms of profitability, in the first three quarters of 2024, the company's gross margin was 28.39%, a decrease of 0.11 percentage points year-on-year; the net margin was 11.14%, an increase of 0.34 percentage points compared to the same period last year.
In the third quarter of 2024, the company's operating expenses amounted to 0.124 billion yuan, an increase of 33.5992 million yuan compared to the same period last year; the operating expense ratio was 17.58%, a decrease of 0.76 percentage points compared to the same period last year. Among them, sales expenses increased by 9.94% year-on-year, management expenses increased by 21.93% year-on-year, research and development expenses increased by 16.32% year-on-year, and financial expenses increased by 94.19% year-on-year.
As of the first three quarters of this year, the company's asset-liability ratio was 14.53%, an increase of 3.31 percentage points from the 11.22% in the same period last year.
Dongguan Dingtong Precision Metal Co.,Ltd.'s main business involves high-tech enterprises focusing on research and development, production, and sales of precision components for communication connectors and automotive connectors.
Among them, high-speed communication connectors and their components are ultimately used in servers, datacenters, base stations, and other large data storage and switching equipment; while automotive connectors and their components are mainly used in automotive electronic control systems and new energy vehicle batteries, playing a role in transmitting currents and signals.
In the past year, with the driving force of AI's demand for computing power, dongguan dingtong precision metal co.,ltd.'s related high-speed connector technology has been upgraded, and the demand in segmented product areas has grown rapidly.
"Star Daily" reporters noticed that in the field of communications, the company's demand for communication connectors and their components has gradually recovered, with an increase in orders. Dongguan Dingtong Precision Metal Co., Ltd. has increased the variety of products and processes.
"The company recently purchased production-related equipment and expanded the production line of communication connectors." On October 10th, dongguan dingtong precision metal co.,ltd. stated during institutional investors' research.
Dongguan Dingtong Precision Metal Co., Ltd.'s overseas market expansion is mainly centered around its Malaysian factory, where a sales team has already been established for customer and product development.
Regarding the progress of business in Malaysia, the company stated that they are currently developing new projects continuously and engaging in small-scale production, but the performance improvement is not very obvious yet.
