With the moderate recovery of the global macroeconomy and the improvement of the market demand for electronic information products, PCB companies generally ushered in a semi-annual "report card" with a large increase in performance.

Shennan Circuit (002916) released a performance forecast on the evening of July 9, and it is expected that the net profit in the first half of the year will be 910 million yuan - 1 billion yuan, a year-on-year increase of 92.01% - 111.00%. In the first half of the year, the company's orders increased year-on-year, the production capacity utilization rate remained at a good level, and the business revenue increased year-on-year.

Shengyi Technology (600183) expects to achieve a net profit of 900 million yuan to 950 million yuan in the first half of the year, an increase of 62% to 71% year-on-year.

It is expected to achieve a net profit of 880 million yuan to 930 million yuan, an increase of 70% to 80% year-on-year. The significant increase in performance was mainly due to the year-on-year increase in the company's copper clad laminate production and sales, as well as the year-on-year increase in revenue and gross profit margin of copper clad laminate products. At the same time, with the growth of market demand for multilayer printed circuit boards with high layers, high precision, high density and high reliability, the output, sales volume and operating income of its subsidiary Shengyi Electronics (688183) increased compared with the same period last year. The increase in gross profit led to a significant increase in net profit.

According to the performance forecast released by Shengyi Electronics on the same day, it is expected to achieve operating income of 1.87 billion yuan to 2.2 billion yuan in the first half of the year, an increase of 18.13% to 38.97% year-on-year; It is estimated that the net profit will be 93.5 million yuan to 110 million yuan, an increase of 8.77 times to 10.49 times year-on-year, and the non-net profit will be 85 million yuan to 100 million yuan, a year-on-year increase of 31.45 times to 37.18 times.

Champion Asia Technology (603386) expects a net profit of -18 million yuan to -15 million yuan for the first half of 2024, which will be a loss compared with the same period last year. Junya Technology explained that due to the fierce competition in the PCB industry market and the fluctuation of customer demand in the downstream industry, some of the application fields of the company's products include the decline in orders in the photovoltaic field and the decline in product prices, resulting in a decline in operating income; The insufficient capacity utilization rate and the rising prices of upstream raw materials have also had a certain impact on the company's gross profit.

Concord Electronics (605258) expects a net profit of 30 million yuan to 35 million yuan in the first half of the year, an increase of 50.98% to 76.14% year-on-year; The net profit after deduction was 26 million yuan to 31 million yuan, an increase of 74.61% to 108.19% year-on-year. The significant increase in performance during the reporting period was mainly due to the gradual increase in production capacity, sales volume and sales revenue, which led to the increase in the company's net profit.

Huazheng New Materials (603186) expects a net profit of 9 million yuan to 12 million yuan in the first half of the year, compared with the same period last year, it will turn losses into profits. This was mainly due to the company's continuous optimization of product structure, the recovery of downstream demand during the same period, and the increase in product shipments after the company's expansion and revenue growth.

Previously, on the evening of July 3, Shiyun Circuit (603920) and Kinwong Electronics (603228) also disclosed performance pre-increase announcements.

Shiyun Circuit expects a net profit of 275 million yuan to 315 million yuan in the first half of the year, an increase of 40.34% to 60.75% year-on-year. The expected increase in performance mainly benefited from strong orders and increased production. Shiyun Circuit said that in the first half of 2024, the electronics industry will pick up as a whole, the company will keep up with market demand, actively develop business, and have sufficient orders. At the same time, the company continued to promote the development of new energy vehicles, data centers, wind and solar energy storage and other emerging businesses, and realized the continuous optimization of product structure, thereby promoting the improvement of gross profit margin.

Kinwong expects a net profit of 638 million yuan to 702 million yuan in the first half of the year, an increase of 57.94% to 73.74% year-on-year. Kinwong said that in the first half of 2024, the company further improved the efficiency of business development, the overall business grew well, achieved efficient expansion in different markets and the continuous improvement of product share, strong customer demand, intensive delivery of fixed-point projects, and the company's overall capacity utilization rate continued the growth trend in the first quarter and maintained a high level. It is worth noting that Kinwong has made breakthroughs in the development of high-end products and the introduction of key customers, and has successfully accelerated the development of valuable key customers. At the same time, we will continue to deepen cooperation with many existing well-known domestic and foreign enterprise customers, and continuously increase the share of key customers. The high-tech and high-value-added HLC plant and HDI (including SLP) plant in Zhuhai continued to advance in various businesses, and the output value increased steadily, showing good competitiveness.