Sunlord Electronics' Q1 net profit increased by 12.6% year-on-year, and cooperation with potential core customers continued to deepen

 On April 17, Sunlord Electronics announced the company's first quarter performance this year. According to its announcement, Sunlord Electronics achieved sales revenue of 603 million yuan during the reporting period, setting a record high for the company's first quarter sales, an increase of 10.68% over the same period last year. Net profit attributable to shareholders of the listed company was 94.47 million yuan, up 12.60% year-on-year. In addition, the company's product gross profit margin continued to increase both year-on-year and month-on-month.

Sunlord Electronics said that the company has further expanded the breadth and depth of cooperation with core mobile phone customers, has formed strategic partnerships with many core communication companies, the market share of existing core customers continues to grow, cooperation with potential core customers continues to deepen, and new products (including microwave devices and transformers) are continuously introduced. Customers attach importance to the domestic supply chain, which has accelerated the company's product introduction process.

It is understood that the company's current 5G business-related orders continue to grow, and have been used or are in the process of being introduced by Bosch, Valeo and many other world-renowned automotive electronics companies and new energy vehicle companies.

In addition, Sunlord Electronics' fine ceramic products have achieved breakthroughs with important customers; this year's key sales products are smart wearable products and structural parts, while actively expanding the mobile phone backplane business. At the same time, the company's smart wearable product applications have been strongly recognized by the market, improving the consumer application experience of ceramic products. With the strong demand for precision ceramic products from wearable electronic terminals, portable medical monitoring terminals and other emerging consumer electronics, the market size is expected to achieve substantial growth.

Sunlord Electronics said that although the company still maintained double-digit growth in the first quarter, the company will continue to pay attention to the changes in the industrial landscape brought about by the development of the epidemic. On the one hand, it hopes to overcome possible difficulties through active preparations and strive to minimize the impact of the epidemic; on the other hand, it will actively pay attention to and evaluate the development opportunities generated by changes in the industrial landscape.

At the same time, Sunlord Electronics also specifically mentioned that the first quarter of 2020 was the most complex period of external environment since the company was founded. The Spring Festival holiday and the pneumonia epidemic affected the company's normal operations. Thanks to the governments at all levels in Shenzhen and Longhua District for their assistance in the resumption of work of enterprises! Thanks to customers and suppliers for their full support! With the efforts of all employees, the impact of the Spring Festival holiday and the pneumonia epidemic was minimized.