Fujing technology had a revenue of 393 million yuan and a net profit of 119 mill

On August 18, Fujing technology released the semi annual performance of 2022. From January to June 2022, the company realized an operating income of 393 million yuan, an increase of 11.48% over the same period of the previous year. The net profit attributable to the shareholders of the listed company was 119 million yuan, an increase of 17.33% over the same period of the previous year, and the weighted average return on net assets increased by 0.25 percentage points over the same period of the previous year. The net cash flow from operating activities was 106 million yuan, an increase of 59.36% over the same period of the previous year.

Fujing technology provides key components for laser manufacturers, and its main products and businesses are at the upstream of the laser industry chain. In the first half of 2022, the outbreak of COVID-19 in some parts of China was accompanied by continuous multi-point distribution, and the logistics and supply chain of many industries were affected, resulting in insufficient operation rate of some domestic end application industries, slowing down of domestic UV laser market demand, and a small decrease of 1.67% in domestic sales revenue over the same period of the previous year.

In terms of regions, the overseas market of Fujing technology, especially the European and American markets, still showed a rapid development trend, and the export revenue increased by 29.21% over the same period of the previous year.

From the perspective of products, the crystal component business was affected by the slowdown of domestic market demand in the second quarter, and its revenue increased by 3.68% over the same period of the previous year. Among them, the revenue of nonlinear optical crystal decreased by 7.73% over the same period of the previous year, and the revenue of laser crystal increased by 28.37% over the same period of the previous year; The revenue of precision optical components increased by 21.73% over the same period of the previous year, mainly due to the company's market development and business expansion in the fields of optical communication and high-power continuous fiber laser optical components; The scale of the laser device business was further improved, and the revenue increased by 13.24% over the same period of the previous year. Affected by the rise of raw materials and market price competition, the gross profit rate decreased by 13.38% over the same period of the previous year.

In addition, in the first half of the year, Haitai optoelectronics, a subsidiary of Fujing Technology Holdings, strengthened market development, product promotion and optimized business layout, achieving good performance, achieving an operating income of 68.9916 million yuan, an increase of 47.35% over the same period of the previous year, and a net profit of 27.408 million yuan, an increase of 212.96% over the same period of the previous year.

Source: OFweek