On August 26, Kunshan Kersen Technology Co., Ltd. (603626) released its 2024 interim performance report.
In terms of revenue, the company reported total operating income of 1.741 billion yuan during the reporting period, a year-on-year increase of 35.62%; the net loss attributable to shareholders of the listed company was 161 million yuan, a year-on-year increase of 132.13%; in terms of assets, the net assets attributable to shareholders of the listed company were approximately 2.57 billion yuan, a year-on-year decrease of 8.98%. The company reported total assets of 5.56 billion yuan at the end of the reporting period, a year-on-year increase of 5.33%, with accounts receivable totaling 1.344 billion yuan; in terms of cash flow, the net cash flow generated from operating activities was approximately 92.76 million yuan, a year-on-year decrease of 66.81%.
The company stated that the change in operating income during the reporting period was mainly due to the mass production of new products, leading to an increase in operating income. However, due to reasons such as the new graphite heat dissipation module not meeting expectations, this resulted in a loss in performance.
Furthermore, the company provides research and development, manufacturing, and partial assembly services for precision metal and plastic structural components required for consumer electronics products, including HNB e-cigarette components, for internationally and domestically renowned clients in the consumer electronics field. This year, the shipments in the consumer electronics industry have slowed down, and the overall scale of the industry is stabilizing. However, the level of competition in the industry has not decreased at all, and the gross profit margin of products is still declining, with fluctuation risks remaining.
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com
