Absen: It is estimated that net profit attributable to the parent company in the first half of the year will increase by 71.94% to 78.08% year-on-year, and the contract signing including tax will be

Absen announced on July 5 that the company expects to achieve a net profit attributable to shareholders of 140 million yuan to 145 million yuan in the first half of the year, a year-on-year increase of 71.94% to 78.08%. The company achieved operating income of approximately 1.592 billion yuan in the first half of the year, an increase of approximately 44.72% year-on-year in the first half of 2022, of which: operating income in overseas markets was approximately 1.142 billion yuan, an increase of approximately 63.4% year-on-year in the first half of 2022; operating income in the Chinese market was approximately 450 million yuan, an increase of approximately 12.1% year-on-year in the first half of 2022.

In the first half of the year, the company achieved tax-included contract signings of approximately 2.224 billion yuan, a year-on-year increase of approximately 39.79% in the first half of 2022. Among them: overseas markets achieved contract signings of approximately 1.279 billion yuan, an increase of approximately 33.37% compared with the same period in 2022. During the reporting period, the company continued to explore the domestic market and formed a relatively complete channel management system, achieving approximately 945 million yuan in contract signings in the Chinese market, an increase of approximately 49.29% compared with the same period in 2022; of which approximately 690 million yuan in contract signings will gradually be converted into operating income in the subsequent period.

The main reason for the change in performance is that in recent years, through corporate culture construction, digital construction, domestic and foreign marketing network construction, and R&D capability construction, the company has built strong core competitiveness, highlighted by "true" and "fast"; through these core capabilities, when faced with domestic and foreign market opportunities, the company can not only seize market opportunities and achieve rapid growth in sales revenue, but also effectively improve the company's profitability through improvements in operational efficiency. In the first half of 2023, the company achieved tax-included contract signings of approximately 22.24billion, an increase of approximately 39.79% year-on-year in the first half of 2022, of which: overseas markets achieved contract signings of approximately 1.279 billion yuan, an increase of approximately 33.37% over the same period in 2022. During the reporting period, the company continued to explore the domestic market and formed a relatively complete channel management system, achieving approximately 945 million yuan in contract signings in the Chinese market, an increase of approximately 49.29% compared with the same period in 2022; of which approximately 690 million yuan in contract signings will gradually be converted into operating income in the subsequent period.

From January to December 2022, the composition of Absen's operating income is: the LED industry accounts for 100.0%. In the past three years, Absen's revenue was 1.642 billion yuan (2020), 2.328 billion yuan (2021), and 2.796 billion yuan (2022) respectively.