On the evening of August 30th, Shenzhen Huaqiang (000062. SZ) released its 2024 semi annual report. During the reporting period, the company's main business, "Electronic Component Authorization Distribution Business," increased by 24.44% compared to the same period last year. Among them, the business scale in the second quarter increased by 41.32% month on month, and the net profit attributable to the parent company increased by 162.99% month on month.
It is reported that the authorized distribution of electronic components is in the agency distribution link in the electronic industry chain. Authorized distributors, after obtaining the agency rights of upstream electronic component manufacturers, establish long-term cooperative relationships with both the manufacturers and customers, deeply integrate the performance of upstream original products and the functional requirements of downstream customer end products, and supply large quantities, long-term, continuous, and stable authorized products from the manufacturers to customers recognized by the manufacturers. They provide comprehensive solutions and integrated services for electronic component product distribution, application solution research and development, product technical support, and supply chain services to the manufacturers and customers. Authorized distribution of electronic components is an important link in the electronic industry chain that connects upstream electronic component manufacturers and downstream electronic terminal product manufacturers. It plays multiple roles in supply and demand, as well as technology, and is an indispensable intermediate link in the industry chain.
Shenzhen Huaqiang is a leading authorized distributor of electronic components in the industry. At present, the number of product lines we represent ranks among the top in the industry, and we have established long-term friendly cooperative relationships with more than 200 original factories at home and abroad. Our product lines cover various categories of electronic components and are widely used in different downstream application fields. During the reporting period, Shenzhen Huaqiang continued to expand its leading and potential product lines in domestic sub sectors, actively exploring international high-quality product lines, and further enriching its product line matrix, accumulating momentum for the sustainable development of its distribution business.
According to the interim report, the original product lines represented by Shenzhen Huaqiang currently include many internationally renowned brands such as muRata, Wolfspeed, Littelfuse, MPS, ST, Panasonic, Mitsumi, LG, TechPoint, Novatek, TAIYO YUDEN, as well as many local well-known brands such as Ziguang Zhanrui, HISILICON, Angruiwei, BYD Semiconductor, Zhaoyi Innovation, Jingchen Co., Ltd., Jiangbolong, Gekewei, Quanzhi Technology, Jingcun Technology, Lanzhi, Naxinwei, Zhuoshengwei, Huarun Micro, etc.
