Shenzhen Dama made a comeback against all odds!

Recently , cross-border sellers have successively announced their semi-annual reports for 2024. Many of them made a lot of money, with sales of billions in half a year , and some survived the market crisis and finally turned losses into profits.

Shenzhen's best-selling company Gemtek finally turned a profit!

Speaking of JMET, I believe everyone is familiar with it. The company was founded in 2006 and is headquartered in Shenzhen. It is one of the well-known mobile smart terminal accessories companies in the industry. The company is mainly engaged in the research and development, sales and brand operation of global high-end electronic accessories products. Best-selling products include mobile phone protective cases, tablet protective cases, and other 3C products.

According to the financial report data released by Gemtek, in the first half of 2024, the company achieved operating income of 431 million yuan, an increase of 76.65% compared with the first half of 2023. The net profit attributable to shareholders of the listed company was 18.6327 million yuan, turning losses into profits year-on-year , which can be regarded as a turnaround .

In the first half of this year, the company 's net loss attributable to shareholders of listed companies after deducting non-recurring gains and losses was 1.8176 million yuan , and the loss narrowed by 96.31% compared with the same period last year . The basic earnings per share was 0.1486 yuan per share.

Regarding the change in the company's revenue, Gemtek said that it was driven by an increase in orders from downstream customers. In the first half of this year, global smartphone shipments reached 575 million units. Driven by high demand, Gemtek's own-brand product sales also increased simultaneously.

In recent years, the performance of Gemtek has fluctuated significantly. Since the company went public in 2020, its performance has begun to decline sharply. Since 2021, Gemtek's operating income has begun to show a downward trend. In 2022, it directly lost 116 million yuan, and in 2023, the company lost more than 90 million yuan.

Regarding the reasons for the company's consecutive years of declining performance, Gemtek said that it was mainly caused by several major factors, including the decline in global downstream demand for mobile smart terminal products, the rise in upstream raw material prices, coupled with the increase in production and management labor costs and the impact of the external economic environment.

Today, Gemtek has finally turned losses into profits and created a cost efficiency advantage.

Shenzhen Greenlink Technology's half-year revenue is nearly 2.8 billion yuan

Shenzhen UGREEN Technology is a company mainly engaged in the research and development, design, production and sales of 3C consumer electronic products. It is located in Shenzhen, a concentrated area of ​​domestic cross-border e-commerce. Its products mainly cover five major series: transmission, audio and video, charging, mobile peripherals, and storage. Relying on the "UGREEN" brand, UGREEN is sold in many countries and regions around the world, including China, the United States, the United Kingdom, Germany, Japan, etc., and has become one of the leading brands in the field of technology consumer electronics. In terms of sales, Ugreen has laid out domestic and foreign markets at the same time, and combined online and offline. Its products continue to be selected as Amazon's Best Seller and Amazon's Choice.

In 2023, UGREEN's revenue on the Amazon platform exceeded 1.5 billion, accounting for 32.69% of its main business revenue. In that year, it received a total of 12.4987 million orders.

On July 26, 2024, UGREEN Technology was officially listed on the Shenzhen Stock Exchange's Growth Enterprise Market.

According to the financial report data released by GreenLink Technology, the company achieved operating income of 2.743 billion yuan in the first half of 2024, an increase of 29.31% compared with the first half of 2023. The company's net profit attributable to shareholders of listed companies was 207 million yuan, an increase of 11.30% compared with the same period last year; the company's net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 201 million yuan, an increase of 13.59% year-on-year; basic earnings per share was 0.5542 yuan/share.

In the first half of this year, the market performance of UGREEN Technology's core products was very outstanding. Among them, the operating income of charging products reached 989 million yuan, a year-on-year increase of 53.48%; the operating income of transmission products reached 797 million yuan, a year-on-year increase of 20.83%; the revenue of audio and video products was 491 million yuan, a year-on-year increase of 9.72%; the revenue of mobile peripheral products was 236 million yuan, a year-on-year increase of 16.54%; the revenue of storage products was 184 million yuan, a year-on-year increase of 34.73%.

At the same time, GreenLink's overseas business is also growing by leaps and bounds. In the first half of 2024, GreenLink's overseas main revenue reached 1.516 billion yuan, an increase of 44.43% over the same period last year, accounting for 55.31% of the main revenue. In particular, GreenLink's market performance in Southeast Asia is quite eye-catching, with operating income reaching 271 million yuan, an increase of 64.23% over the same period last year. GreenLink's operating income in the Americas market increased by 54.14%, and its operating income in the European market increased by 43.90%. It can also be seen from the above data that GreenLink has shown strong growth momentum and market competitiveness in the global market.

UGREEN Technology's impressive performance in the first half of this year is inseparable from its active global market layout and continuous innovation. In the future, UGREEN Technology plans to continue to deepen its brand strategy and market layout, continue to promote product technology innovation, and enhance its competitiveness in the global market.

Edifier's market performance is outstanding, with half-year revenue of nearly 1.4 billion yuan!

Shenzhen Edifier Technology Co., Ltd. was founded in 1996. It is a professional audio equipment company. The company has a professional team from product creativity to industrial design, product research and development, large-scale production, and independent marketing. Its products cover hundreds of models in several categories such as home audio, professional audio, car audio, headphones and microphones. The company has vigorously expanded its overseas market and has registered international trademarks in more than 80 countries and regions such as Germany, the United Kingdom, and the United States. It has established a global sales network and its business in international e-commerce channels such as Amazon has grown rapidly.

According to the financial report data released by Edifier, in the first half of 2024, the company achieved operating income of 1.38 billion yuan, an increase of 16.05% compared with the first half of 2023. The company's net profit attributable to the parent company was 220 million yuan, an increase of 26.24% compared with the same period last year.

The revenue of the main product earphones and headsets was 886 million yuan, an increase of 14.19% over the same period last year; the revenue of the audio series products was 433 million yuan, an increase of 20.74% over the same period last year. The revenue growth of the earphone category was mainly due to the improvement of product structure and the expansion of online and offline marketing channels at home and abroad; while the growth of the audio category was mainly achieved with the help of the expansion of the company's product matrix.

In the first half of 2024, Edifier actively expanded its product matrix and launched a number of new products, including Comfo Fit Ⅱ, Comfo Solo, X Fit, Comfo Clip and other OWS headphone products, as well as multimedia speakers N300 and the high-end new product STAX SPIRIT S10, which introduced the flat-panel unit into the TWS field for the first time to achieve flat-panel unit noise reduction.

At the same time, Edifier's channel business on overseas e-commerce platforms such as Amazon, Rakuten, Lazada and Shopee is also continuing to expand.

It is worth mentioning that Edifier has a great advantage in its field, especially in product research and development. The company has been focusing on the development of audio products for many years, and has a comprehensive and stable core R&D team including product ID concept design, circuit design, speaker design, structural design, etc., and has formed a set of technical solutions that can organically combine the artistic modeling of ID concept design with the acoustic system, reasonably adjust and match the power amplifier circuit and the speaker, and optimize the product with high cost performance.

Faced with complex and severe situations at home and abroad and numerous risks, Edifier has demonstrated its ability for sustainable development, and the company's performance has maintained a steady growth trend.

Hot selling semi-annual report