Espressif Systems(SH:688018)2024-10-13 07:58Financial Performance - For the first three quarters of 2024, the company expects to achieve revenue of approximately 146,000 million CNY, an increase of about 43,304 million CNY, representing a year-on-year growth of approximately 42%[2] - The estimated net profit attributable to the parent company for the same period is around 25,100 million CNY, an increase of about 16,383 million CNY, reflecting a year-on-year increase of approximately 188%[2] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be about 23,080 million CNY, up approximately 16,247 million CNY, which is a year-on-year increase of around 238%[2] Product Performance - The company has seen stable performance from classic products, while new product categories (such as ESP32-S3, C2, and C3) are experiencing rapid growth, contributing to revenue increase[4] Research and Development - The company’s gross profit margin remains above 40%, meeting expected targets, while R&D expenses have increased by about 20% year-on-year[4] Investor Engagement - The company plans to hold a Q3 2024 earnings presentation on October 23, 2024, via WeChat video for investor engagement[4] Forecast Accuracy - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast[5] - The data provided is preliminary and the final financial figures will be disclosed in the official Q3 2024 financial report[6]