Suzhou Hengmingda Electronic Technology (002947.SZ) expects a net profit of 400 million to 500 million yuan in 2024, an increase of 42.15% to 77.69%.

Suzhou Hengmingda Electronic Technology (002947.SZ) released its annual performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 400 million to 500 million yuan, a year-on-year increase of 42.15% to 77.69%. During the reporting period, the demand for the consumer electronics industry rebounded, and the computing power demand in the communication industry also significantly increased with the development of AI. The company seized industry opportunities, actively grasped new opportunities for product iteration and demand enhancement in the consumer electronics, digital infrastructure, and other industries under the empowerment of AI, while solidifying its traditional business and vigorously promoting new project business. The company has always regarded R&D innovation as its core strategy, continuously increasing internal R&D investment, promoting technological innovation, optimizing product structure, and further enhancing the company's core competitiveness. With active layout in new products, new technologies, and new fields, the company continuously expands and builds a high-quality, long-term stable customer structure, jointly promoting the steady improvement of the company's profitability.