Revenue net profit doubled and growth Dongni Electronics launched a leap-forward development in one year

On the evening of August 21, Zhejiang Dongni Electronics (603595) Co., Ltd. released the 2018 semi-annual report. The announcement shows that in the first half of this year, the company achieved operating income of 536 million yuan, a year-on-year increase of 130.07%; net profit of home return exceeded 100 million yuan, an increase of 116.07%; basic earnings per share of 0.99 yuan, an increase of 59.68%; in addition, the company Based on the total share capital of 102016000 shares on June 30, 2018, the company will transfer 4 shares for every 10 shares to all shareholders with a capital reserve fund, which will increase 40,806,400 shares. The total share capital will be 142,822,400 shares after this transfer.

Tony Electronics is principally engaged in the research and development, production and sales of ultra-fine alloy wire and other metal matrix composite materials, including ultra-fine electronic wire, diamond cutting wire and battery tab. Since the official launch of the A-share market in July 2017, Tony Electronics has successfully achieved leapfrog development for more than a year.

In the first half of 2018, Tony Electronics continued to strengthen its in-depth cooperation with its core customers in the field of original consumer electronics. The products have been continuously upgraded, and products such as diamond cutting lines, wireless charging coils and power battery tabs have achieved significant growth year-on-year.

It is understood that Tony Electronics specializes in the research and development and production of ultra-fine alloy wire. With excellent product quality and performance, it has become a qualified supplier of Foxconn, Lixun Precision (002475) and other world-renowned consumer electronics and its supporting manufacturers. R&D partners, and have established cooperative relationships with many well-known domestic customers in the field of solar photovoltaic and sapphire, such as GCL-Poly, Jinglong Group, Bun Optics and Lansi Technology (300433). A high-quality customer base has laid an important foundation for the company to achieve excellent business performance and rapid commercialization of new products.

The company keeps a close eye on market demand and market development trends, quickly explores market demands and responds, and continues to explore the application areas of the company's products while meeting market and customer needs. After several years of development, the company's products have gradually expanded from consumer electronics products to new energy vehicle transmission harnesses, solar wafer cutting, intelligent robots, new energy vehicles and other fields, and will be further extended to other new application areas.

In research and development, Tony Electronics continuously reserves research and development projects and R&D personnel, and continuously strengthens technology research and development to improve product quality. In the first half of 2018, the company invested R&D expenses of 29.9666 million yuan, an increase of 208.82% over the same period of the previous year and accounting for 5.53% of operating income. After several years of development, the company has formed a number of core technologies for ultra-fine alloy wire products and quickly converted and applied them to related products, so that the technical content of the company's products is continuously improved, and the application fields are expanding continuously, becoming a leading technology company in the industry. one. In addition, through long-term supporting research and development with downstream terminal brands, the company has mastered the core technologies of complete design technology, process technology, testing and testing technology, precision manufacturing technology related to ultra-fine alloy wire, and has the ability to independently develop new products. .

In the first half of this year alone, Tony Electronics obtained a total of 9 utility model patents and accepted 13 patents. At present, the company has obtained 6 invention patents and 48 utility model patents. With the gradual mass production and application fields of R&D projects, the company's competitiveness and sales scale are expected to be further improved.