Benefiting from the accelerated domestic substitution of power semiconductors, Yangjie Technology's net profit is expected to increase by 85% in 2020

On January 4, Yangjie Technology released its performance forecast, stating that the company expects its net profit attributable to shareholders of listed companies in 2020 to be 360.2446 million yuan to 416.5329 million yuan, a year-on-year increase of 60% to 85%. The profit in the same period last year was 225.1529 million yuan.

Regarding the main reason for the significant increase in net profit attributable to shareholders of listed companies compared with the same period last year, Yangjie Technology said that benefiting from the accelerated domestic substitution of power semiconductors and the pull of the downstream market, during the reporting period, the company had sufficient orders and its capacity utilization rate continued to rise, which is currently at a relatively high level, resulting in a decrease in unit product costs and a significant increase in gross profit margin.

At the same time, while relying on existing markets and products, Yangjie Technology continues to increase its R&D investment, fully promoting the research and development and industrialization of new products such as high-end power MOSFET and IGBT, further optimizing the company's product structure, and promoting the improvement of the company's overall efficiency.

In addition, during the reporting period, Yangjie Technology estimates that the impact of non-recurring gains and losses on net profit will be between RMB 8 million and RMB 9 million.