YIZUMI Forecasts 5B CNY Revenue in 2024, Global Capacity Expands

On January 10, YIZUMI released its 2024 Performance Estimate: revenue is forecasted at approx. 5.05 billion CNY, up approx. 23.30% YoY; net profit attributable to the company shareholders is projected between 585 million and 646 million CNY, rising 22.53% to 35.45% YoY. The company's profitability keeps rising, firmly underpinning future growth targets.

Boosting Product Strength, Leading High-End Manufacturing

In 2024, YIZUMI adhered to the ideals of "Sustainable, Innovative Technology for Humankind," advancing its strategic directions of "Intelligent?and Efficient, Global Operation, and Green?Development."

Focusing on high-end manufacturing, the company achieved significant breakthroughs. YIZUMI launched a series of strategic new products, including the NEXT2 2-platen die casting machine, the A6 series injection molding machine, and the A3 series rubber injection molding machine. These new products not only brought significant technological advancements to the industry but also demonstrated YIZUMI's foundation and innovation capabilities in high-end equipment manufacturing. YIZUMI also successfully delivered key projects such as the LEAP9000 ultra-large die casting machine, the UN2400D1M MultiPro 7K injection molding machine, as well as the 3200T Thixomolding machine. These large-scale equipment has injected new momentum into the development of high-end manufacturing fields such as new energy vehicles and aerospace.

Accelerating Global Strategy, Steadily Expanding Global Footprint

YIZUMI has been accelerating its global strategic layout. The groundbreaking of YIZUMI Global Headquarters and YIZUMI East China Production Base marks a new step on our path to globalization. The operation of subsidiaries such as Thailand and Mexico, along with the expansion and production start of the Ohio factory in the United States, provide strong support for the implementation of the company's global strategy.

Additionally, YIZUMI has increased investment in R&D, production, and sales, continuously enhancing product strength to better meet the needs of global customers. Through participation in over 50 international exhibitions and hosting technical seminars, YIZUMI is actively improving brand awareness and reputation, striving to establish a more outstanding brand image in the global market.

Innovation and Talent Strategy: Dual Drivers of Competitive Advantage

Innovation is the core driving force behind YIZUMI's development. The company continues to increase R&D investment, averaging over 200 million CNY annually. In 2024, 49 new patents were added, including 11 inventions (one of which is a U.S. invention), covering multiple fields such as injection molding, die casting, rubber injection molding, robotic automation as well as 3D printing, and factory digitalization. These patents demonstrate YIZUMI's strong innovation capabilities? for future market competition.

In addition, through a three-tier R&D and innovation system comprising of the "Global Innovation Center - Division Technology Centers - Technology Department," YIZUMI has broken through in new technologies, processes and materials, forging a core competitive edge across product lines. Concurrently, YIZUMI has continuously attracted a wealth of international high-end talent. Through collaborative efforts and learning among global talents, YIZUMI ensures robust support for technological innovation, better serving its global clientele.

*The 2024 annual financial data will be disclosed in the company's 2024 annual report.