Reported 8 months ago
Ding Ji (6585) is accelerating its operations in 2024, with momentum in shipments of medical, automotive, mobile, and explosion-proof niche products. The company's revenue is steadily advancing, especially with strong demand for medical products leading to the signing of a four-year long-term contract with customers, potentially doubling shipments. Ding Ji has successfully expanded into the U.S. niche market, increasing revenue contribution from 22.9% in 2022 to 31.86% last year. Furthermore, their high-function film used in mobile phones has penetrated the Apple iPhone supply chain, boosting its electronics revenue. The company anticipates significant growth in the automotive sector and expects a surge in orders for explosion-proof products and electronics components. Besides focusing on Europe, Southeast Asia, and emerging markets expansion, Ding Ji aims to broaden its product applications towards high value-added and diversified materials. Another company, Ba Guan (1342), is facing challenges in revenue growth due to slowing visibility in outdoor and medical product orders. Despite this, the firm's defense and aerospace product orders remain robust, forecasting over 50% growth in defense products and a 30% annual increase in aerospace product shipments. Ba Guan specializes in processing and selling TPU functional fabric products and components, mainly used in high-end medical, aerospace, rescue, and outdoor industries, targeting markets in the Americas, Europe, and Asia. The global aviation industry's prosperity is driving strong demand for aircraft manufacturers.
Source: YAHOO