Leimu shares released the 2023 annual report and the 2024 quarterly report on the evening of April 26. In 2023, the company’s revenue and net profit are about 1.090 billion yuan and 719.948 million yuan, respectively, an increase of 17.13% and 5.33%. In the first quarter of 2024, revenue and net profit were 331 million yuan and 25.192,500 yuan, respectively, up 42.04% and 25.20% year-on-year. In particular, the company will conduct industry-university-research cooperation to promote the research of Time-Sensitive Networking (TSN), an emerging technology in the field of intelligent vehicles and robotics critical systems, or become a new growth engine in the future.

JM-204-480-OEM-S1 In recent years, the company attaches importance to innovation and research and development, in 2023 research and development investment of 65,778,200 yuan, an increase of 16.98%, accounting for 6.03% of the operating income. In terms of specific business, the company’s automotive products achieved operating income of 709.4649 million yuan, an increase of 6.36%; The operating income of mobile phone products reached 265.9997 million yuan, an increase of 30.55%; Energy storage products have been put into production, and the operating income has reached 3.832,500 yuan.

As a leading manufacturer of precision electronic components and connectors in the industry, LeimU has continuously increased its R&D investment in recent years, improved and enhanced product quality, accelerated product updates and upgrades, and developed many types of high-voltage and high-current connectors, high-definition high-speed connectors, and high-frequency connectors. It has fully covered the application fields of new energy vehicles, ADAS intelligent assisted driving, network connection, 5G communication, etc.

JM-204-480-OEM-S1

It is worth noting that the annual report mentions that Leimu shares will conduct industry-university-research cooperation to promote research on emerging technologies in the field of intelligent vehicles and robotics key systems – Time-Sensitive Networking (TSN). In this cooperation, LeimU will jointly establish a research team with Hunan University, aiming to collaborate with the university’s cutting-edge scientific and technological research strength, combined with LeimU’s industrial practice and technology accumulation, and jointly promote the application and development of TSN technology in the field of intelligent vehicles and robots.

JM-204-480-OEM-S1 It is understood that TSN, the cutting-edge technology in this project, is a communication service technology that provides low delay, low jitter and high reliability for Internet of Things services, and plays a key role in supporting emerging applications such as intelligent industry and automatic driving. With the rapid development of intelligent vehicle and robot technology, the requirements for communication systems are getting higher and higher. The introduction of TSN technology will greatly improve the stability and real-time performance of the system, and meet the needs of intelligent vehicles and robots for accurate control and rapid response.

Leimu said that the industry-university-research cooperation is an important step in the company’s layout in the field of emerging technologies, which will help enhance the company’s technological innovation capabilities and enhance the company’s competitiveness in the field of intelligent vehicles and robotics key systems. At the same time, the company will also actively seek cooperation with more universities and research institutions to jointly promote the further development of the electronic information industry.