Comparison of gross profit margins of companies in the same industry, source: prospectus
Posted: Tue Feb 18, 2025 4:52 am
During the reporting period, Lintai New Materials' period expense rates were 17.62%, 18.34%, 15.37% and 13.90% respectively, showing a trend of first increasing and then decreasing. The higher expense rate during 2022 was mainly due to the relocation of the company's production base from Xinwu District, Wuxi to Suxitong Industrial Park, Nantong, which resulted in relocationrelated expenses and led to a higher amount of management expenses.
Among them, the R&D expense rate from January to June was 4.45%, lower italy phone number list than the average level of 6.05% of companies in the same industry. The main reason is that the company's revenue growth in 2023 and January to June was faster than the growth rate of R&D expenses.
Currently, Lintai New Materials' main customers include domestic firstclass automatic transmission manufacturers such as SAIC Transmission, Wanliyang, Dong'an Auto Power, Geely Transmission, Nanjing Bangchi, Shengrui Transmission, and Landai Transmission; end customers are mainly concentrated in domestic brand vehicle manufacturers such as SAIC Group, Changan Group, Geely Automobile, Chery Automobile, and BYD.
Among them, the R&D expense rate from January to June was 4.45%, lower italy phone number list than the average level of 6.05% of companies in the same industry. The main reason is that the company's revenue growth in 2023 and January to June was faster than the growth rate of R&D expenses.
Currently, Lintai New Materials' main customers include domestic firstclass automatic transmission manufacturers such as SAIC Transmission, Wanliyang, Dong'an Auto Power, Geely Transmission, Nanjing Bangchi, Shengrui Transmission, and Landai Transmission; end customers are mainly concentrated in domestic brand vehicle manufacturers such as SAIC Group, Changan Group, Geely Automobile, Chery Automobile, and BYD.