Xinjie Energy's revenue in 2024 is expected to be 1.8 billion, with a net profit of 450 million

Xinjie Energy expects its revenue to reach 1.8 billion in 2024, with a net profit of approximately 450 million. Xinjie Energy's goal is to stabilize its gross profit margin at around 35%. Xinjie Energy has sufficient orders, with order visibility of 3-4 months. The production line of Huahong, Xinjie Energy's foundry, is basically saturated. The production line allocated to the company is currently fully loaded, and a certain number of orders are waiting for film production. Xinjie Energy's medium and low voltage MOS products are in short supply, and demand in the downstream consumer and industrial control industries has clearly recovered. The photovoltaic sector is expected to recover further in the second quarter. In addition, the company has begun to deliver AI servers in batches to overseas head customers since November last year, mainly power modules for powering CPU/GPU motherboards.