Huihan shares expects performance growth in the first half of the year

Huihan shares expects to achieve operating income of 403 million yuan to 463 million yuan in the first half of 2024, an increase of 23.00% to 41.45% over the same period last year; it is expected to achieve a net profit attributable to the parent company's shareholders of 67.747 million yuan to 77.909 million yuan, an increase of 27.74% to 46.90% over the same period last year. During the reporting period, the company's research and development expenses were 32.8675 million yuan, 41.9135 million yuan and 54.1832 million yuan, respectively, accounting for 7.79%, 7.23% and 6.66% of operating income, respectively. In addition, the company's capacity utilization rate is also low. Huihan shares have a high degree of concentration among the top five customers. The company's sales revenue to the top five customers accounted for 77.67%, 81.53% and 80.77% of the operating income in each period, respectively. SAIC Group is the largest purchaser.