Image source: Oriental ICh
Blue Whale TMT Channel October 24th, today, Junsheng Electronics released its third quarter report for 2022. In the first three quarters, revenue reached 35.743 billion yuan, with increasing by 44.8% year-on-year; net profit attributable to shareholders was 131 million yuan, a year-on-year increase of 625.56%. Among them, the revenue in the third quarter was 12.823 billion yuan, a year-on-year increase of 22.63%; the net profit attributable to shareholders was 236 million yuan, a year-on-year turnover of losses into profits.
Specifically for various businesses, the automotive electronics business achieved operating income of about 4.1 billion yuan in a quarter, an increase of about 30% year-on-year, and the gross profit margin increased to about 21.3%; the automotive safety business gradually recovered, with operating income of about 8.7 billion yuan in a quarter, an increase of about 19% year-on-year, and the gross profit margin increased to about 10.5%, and the loss-to-profit profit margin was turned into profit.
In addition, since 2022, the cumulative new orders have been received exceed 70 billion yuan, of which the proportion of new orders in the new energy vehicle field has exceeded 50%.
Josheng Electronics is a global top supplier of automotive electronics and automotive safety, mainly committed to the research and development and manufacturing of smart cockpits, intelligent driving, new energy management and automotive safety systems. Established in 2004, it is headquartered in Ningbo City, Zhejiang Province, China. Its business structure is divided into Intelligent Automobile Technology Research Institute, New Energy Research Institute, Automobile Electronics Business Department and Automobile Safety Business Department. It has more than 40,000 employees in 30 countries and has 3 core R&D centers and supporting factories in major automobile production countries around the world.
