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New Energy Connectors Growth Significantly, Early Plate Relay Results
Shenzhen WFD Electronics Co.,Ltd | Updated: May 04, 2015

New power connector for electric vehicles in the first quarter the company significant revenue growth and communication connectors. Changes in product mix, as well as expanding the scope of business in the first quarter resulted in increased expenses, net profit growth will be lower than revenue growth.

Generally, purchase off-season for the connector in the first quarter last year due to the adjustment of railway investment, rail cross connectors larger procurement base, resulting in slowing 15 Q1 revenues rail cross connectors. Layout of new energy companies last year automotive connectors, as well as communications military connectors, such as business, strive for more relay plate keeps growing, early performance results in the first quarter of this year, new energy and electric connectors and significant revenue growth communication connectors.

Gross margins of around compared to the EMU connector 70%, new energy and electric connector margin levels only at 30%, plus increased costs caused by expanding the scope of operations, the company made a quarterly net profit growth will be lower than revenue growth. Among them, selling expenses rose 18%, the administrative costs rose 16.6% financial expenses-2.3907 million Yuan, decrease of 111.85% compared with last year.

Railway investment remain high, "along the way" strategic railway "go", the company's rail cross connectors business is expected to continue growing rapidly.

15 railway investment remain high, high speed rail emus delivered to maintain peak, EMU connector sustained high growth is guaranteed. City subway rail 15-17 traffic peak industry boom is still upward, driven rail transport connector demand growth. Currently for domestic rail transit connector is the industry leader, competitive advantages, strong profitability, company rail transit connector operations will maintain steady growth.

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WFD Electronics manufacture connectors undertaking OEM, ODM,And related products,Applied industries:Medical,Military,Telecom,Robotic,Auto,MRI,Aviation,Smarthome&IoT.Our professional team provides "one-stop solution" to meet diversified demands of different customers. Our products were chosed by Foxconn, BYD, FCI and other valuable customers around the world.

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Shenzhen WFD Electronics Co.,Ltd