鹏翎股份：前三季度扣非净利润增长115.59% 新能源汽车业务贡献显著

Core Viewpoint - The company, Pengling Co., Ltd., reported significant growth in its financial performance for the first three quarters of 2024, driven by the increasing production and sales of new energy vehicles [1] Financial Performance - The company achieved an operating revenue of 1.684 billion yuan, representing a year-on-year increase of 27.29% [1] - The net profit attributable to shareholders reached 77.37 million yuan, up 69.12% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 73.01 million yuan, reflecting a substantial growth of 115.59% [1] - The net cash flow from operating activities saw a significant increase of 113.91% year-on-year [1] R&D and Innovation - The company's R&D investment rose to 103 million yuan, marking an 18.26% increase compared to the previous year [1] - Pengling Co., Ltd. has focused on technological development and product upgrades in the new energy vehicle pipeline systems to meet the demands for lightweight and high-temperature resistant materials [1] Product Diversification - The company has launched a diverse range of products, including rubber pipes, resin pipes, metal products, and plastic products, suitable for various new energy vehicle brands such as BYD, Li Auto, Xpeng, and NIO [2] - The market share and scale of the company's sealing strip product line have significantly improved, with a diversified product portfolio that includes Japanese and Korean series, European series, frameless series, and zero-step difference series [2] Market Position and Future Outlook - With the rise of domestic brands and increased cost control pressures on foreign automakers, the company is well-positioned to expand its market share in the sealing system industry [2] - Looking ahead, the company plans to deepen its involvement in the new energy vehicle sector, actively pursue collaborations with more automakers, and further enrich its product line to achieve sustainable long-term development in the new energy vehicle market [2]