Zonsen Power's overall first-half earnings remain stable

Shanghai Stock Exchange China Securities Network News Zonsen Power's 2023 semi-annual report released on the evening

Shanghai Stock Exchange China Securities Network News Zonsen Power's 2023 semi-annual report released on the evening of August 29 showed that from January to June, the company achieved operating income of 3.972 billion yuan, a year-on-year decrease of 13.39; realized net profit of 0.259 billion yuan, basically the same year-on-year; Net profit after deduction was 0.251 billion yuan, a slight decrease of 6.38 percent year-on-year, and earnings per share was 0.2265 yuan.

It is understood that since the beginning of this year, in the face of a complex and severe external environment, the company has continued to adhere to the business policy of "maintaining growth, strong transformation, and value", actively optimizing product structure, striving to control production and management costs, and continuing to improve the industrial layout and enhance the core Competitiveness, and actively promote the transformation and upgrading to a "digital, technological, and intelligent" power system integration service provider. On the one hand, we should focus on the core main business and strengthen risk control, accelerate the adjustment of product structure and the development of emerging markets, and consolidate the leading position of the two traditional main businesses of "motorcycle engine" and "general machinery"; on the other hand, good progress has been made in the industrial transformation of emerging businesses such as "aero engine", "new energy" and "high-end parts", R & D capability and technical level have been further improved.

In terms of sectors, during the reporting period, the company's motorcycle engine business remained stable as a whole, with sales of 1.2063 million units, total operating income of 1.614 billion yuan and net profit of 0.074 billion yuan. General Dynamics and terminal products sold a total of 1.7785 million units, with a total operating income of 2.045 billion yuan and a net profit of 0.146 billion yuan. Chongqing Zonsen Aero Engine Manufacturing Co., Ltd., a holding subsidiary, completed the share reform and several rounds of strategic financing, and completed the listing guidance record of Chongqing Securities Regulatory Bureau on June 30. Its first phase of industrialization expansion project is expected to be completed and put into operation by the end of this year.

New energy business, complete 300W-3600W energy storage power supply full series of products and core components manufacturing capacity building; The electric control of the motor has been converted from square wave to vector to realize mass production, and the batch manufacturing capacity of low-power card issuing motor has been built. The acquisition of 60% equity of Dongguan Lithium Wisdom is complementary to the existing energy storage business. The high-end parts business has carried out project cooperation with well-known domestic and foreign enterprises such as FAW, Natefu, Norma Kane, GKN, BorgWarner, Dana, Huayu Magna, Suzhou Huichuan, etc. The Mercedes-Benz M254 inline four-cylinder turbocharged engine cylinder block processing project has completed the construction of the first phase/second phase/third phase of the production line and officially started mass production. The die casting new factory project has completed the main project, in the future, it will be mainly used for the research and development, trial production and mass production of key aluminum alloy parts and lightweight structural parts of new energy vehicles.

(This article was originally published in Shanghai Securities News on August 30, 2023)