On the evening of August 20, Future Electrical appliances released a semi-annual performance report. In the first half of 2023, the company’s operating income was about 268 million yuan, an increase of 12.53%. Net profit attributable to shareholders of the listed company was approximately 41.36 million yuan, an increase of 3.37%; Non-net profit of 40.14 million yuan, an increase of 3.3%; Basic earnings per share of 0.3377 yuan, an increase of 3.37%.

During the reporting period, the main drivers of the company’s performance growth are: 1, the intelligent acceleration of the low-voltage distribution market: the low-voltage circuit breaker with intelligent functions is a key component that determines the automation and intelligent capability of the distribution network, and is an important part of the construction of a strong intelligent distribution network. The intellectualization of low-voltage circuit breaker is mainly reflected in the perception, diagnosis, two-way communication, protection and control of various electrical parameters and related information. By installing accessories on the low-voltage circuit breaker, the ordinary circuit breaker can increase the status diagnosis, signal sensing and more control and protection functions, and improve the intelligent level of the circuit breaker. Therefore, the

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intelligent acceleration of the low-voltage distribution market is conducive to the market development of the company’s products. 2, the “Belt and Road” drive capacity output: the “Belt and Road” initiative will bring continuous output of low-voltage electrical capacity. As one of China’s leading industries, the power industry is supported by policy funds to accelerate the construction of power grids in countries along the “Belt and Road”, and at the same time opens up a broad market for China’s power equipment exports, and the relevant domestic power grid construction and power equipment enterprises have benefited significantly. Chint Electric, the company’s main customer, has benefited from the Belt and Road Initiative, and its equipment and services have entered 80% of the countries along the Belt and Road. Some of the company’s products are also exported to some countries along the “Belt and Road” with Chint Electrical and other downstream customers. In the first half of the year, the energy management module products used in Saudi smart meter projects achieved revenue of 9,833,800 yuan.

In the future, the main business of electrical appliances is the research and development, production and sales of low-voltage circuit breaker accessories, committed to the application of low-voltage circuit breaker accessories, expand low-voltage circuit breaker monitoring control and safety protection functions, improve the remote control, centralization and automation level of low-voltage circuit breaker, so that the distribution network is safer, more energy saving and more intelligent. The company is a leading enterprise in the subdivision of low-voltage circuit breaker accessories.