视源股份：营收增势良好，发展韧性突显

Core Viewpoint - The company, Shiyuan Co., Ltd. (视源股份), reported a strong performance in Q3 2024, with revenue of 17.152 billion yuan, a year-on-year increase of 11.50%, and a net profit of 931 million yuan, indicating resilience and alignment with expectations [1] Group 1: Financial Performance - In the first three quarters of 2024, the company achieved a revenue of 171.52 billion yuan, reflecting an 11.50% year-on-year growth [1] - The net profit attributable to shareholders for Q3 2024 was 436 million yuan, contributing to a total of 931 million yuan for the first three quarters [1] Group 2: Technological Advancements - The company is enhancing its capabilities in technology research and comprehensive solution provision, transitioning from a single product provider to a comprehensive solution service provider [1] - The launch of the Teaching Model 2.0 by the subsidiary, Xihuo, aims to deepen understanding of educational scenarios and improve application in the education sector [1] Group 3: Global Expansion and Market Strategy - Shiyuan Co., Ltd. has established partnerships in emerging markets, such as collaborating with the Jakarta Polytechnic in Indonesia to enhance educational informationization [2] - The company showcased its solutions at the 136th China Import and Export Fair, highlighting its strong solution provision capabilities and innovative products for overseas markets [2] - The company is expanding its presence in the Middle East and Southeast Asia, with new subsidiaries in Thailand and Indonesia, and plans to enhance its global marketing and after-sales service systems [2] Group 4: Product Development and Innovation - The company’s MAXHUB brand has launched the XT series solution in collaboration with Microsoft, which is now in mass production [2] - The life appliance business continues to grow rapidly, contributing significantly to overall revenue, alongside the expansion of educational products and software services [2] - Shiyuan Co., Ltd. ranked 12th in the 2024 list of top 500 private enterprises for invention patents, alongside major companies like Huawei and Tencent, indicating strong innovation capabilities [3]