Recently, Yuefeng Automotive transmission System Co., Ltd. disclosed in the first half of this year's performance report, the company successfully developed 9 new products, the early research and development of new energy and passenger car new products have achieved mass production, and with the increase in order volume, is expected to become a new growth point of the company's business income, the company's overall operating conditions have a positive impact.
In the first half of this year, Yuefeng's operating income reached 245 million yuan, a substantial increase of 107.99%. Among them, the revenue of new energy auto parts business was 34.937,700 yuan, an increase of 100%, which was mainly due to the gradual increase in the volume of new energy auto parts products, becoming a new revenue growth point. However, revenue from traditional auto parts business was 53.984 million yuan, down 15.11% year-on-year, mainly due to a decline in orders for traditional auto parts products compared with the same period last year. In addition, the revenue of aluminum ingot business was 154 million yuan, a significant increase of 194.93%, mainly due to the release of aluminum ingot business capacity and the increase in customer orders.
Although the company achieved significant growth in operating income in the first half of the year, there was a loss of 13.4376 million yuan in net profit. To this end, the company has taken a number of measures to respond, including strengthening the rectification of negative gross margin products, strengthening cost control, reducing the sale of aluminum ingots to reduce the impact of losses, and accelerating the batch supply of new energy passenger car products to improve the gross margin level.
Yuefeng Transmission is mainly engaged in the research and development, production and sales of aluminum alloy die-casting and aluminum alloy die-casting parts for automotive transmission system parts, power system boxes, new energy series electric control boxes. The company achieves lightweight automotive parts through aluminum alloy application, structural optimization, thermoforming and modular design technologies. Relying on the accumulation of die casting, precision casting, machining and assembly technology for many years, the company has formed a strong market competitiveness in the field of medium and heavy commercial vehicle transmission.
In the first half of this year, the company's implementation of the "business and passenger simultaneously, into new energy" transformation and upgrading strategy has begun to show results, some products in the new energy passenger car market began to supply in bulk, new energy product sales revenue and benefits appeared, which has brought positive impact on the company. At the same time, Yuefeng Transmission continues to increase investment, the introduction of large-tonnage die-casting machines and the implementation of die-casting unit automation, the purchase of high-end processing center equipment, in order to expand the production capacity of new energy products, and further improve market competitiveness.
