and Qinjingji announced today that the total revenue in November was 199 million yuan, a monthly increase of 8.29%; the cumulative revenue in the first 11 months of this year was 2.333 billion yuan, the same as the same period last year, mainly benefiting from the contribution of automotive parts and new products, alleviating the impact of customer inventory adjustment of hard disk (HDD) parts, and responding to the industrial changes in the post-hard disk era. Heqin said that many development cases will enter mass production at the beginning of next year, which is expected to bring new growth momentum.
Heqin said that in November, automotive parts were 165 million yuan, accounting for 82.62%; hard disk mechanism parts (VCM Plate) was 13 million yuan, accounting for 6.76%. Among them, automotive uses maintained peak season standards. Although there was a short-term impact of customer moving factories, shipment delivery was delayed until next month, double increase performance was still paid, and the inventory adjustment of hard disk (HDD) parts customers is expected to continue until the first quarter of next year, and normal shipments will be resumed in the future.
and Qin have a one-stop production process of mold development, fine punching, , grinding, heat treatment, plastic wrapping, and electroplating. It has the competitive advantages of mass production scale and cost. After the steady growth of automotive parts, it has expanded to mass-produced parts in the non-automotive field in recent years, and its achievements have gradually emerged. Since this year, new products such as structural parts, sensor parts, battery shell sets and other new products have increased significantly to revenue.
is expected to operate. Heqin said that there will be mass production of new products such as military and police parts in the first quarter of next year. Since the introduction and mass production of non-auto parts is short, revenue contribution will be generated soon, and the impact of hard disk business will be reduced. In the second half of the year, due to the continued inventory reduction of electronics industry, Heqin's hard disk business will also be affected. If the revenue of hard disk parts is not included, Heqin's revenue of automotive parts and non-auto products will be a growth performance. In the era of post-hard disks, Heqin emphasized that in addition to maintaining the supply of high-end storage hard disk models, he also actively transforms into advanced electronic components, including semiconductor industry, cooling systems, sensors and other fields, to capture high-end electronic parts outside hard disks, and automotive parts will continue to develop new energy vehicle parts, and the engine's stator and rotor parts are expected to increase in volume next year.
(First picture source: Heqinjingji)
