SANLUX(SZ:002224) Zheng Quan Shi Bao Wang·2024-10-31 03:00Core Viewpoint - Sanlisi (002224) reported strong financial performance in Q3 2024, with significant year-on-year and quarter-on-quarter growth in both revenue and net profit, indicating robust business operations and market position [1]. Financial Performance - In Q3 2024, the company achieved revenue of 239 million yuan, representing a year-on-year increase of 21.01% and a quarter-on-quarter increase of 13.52% [1]. - The net profit attributable to shareholders reached 39.51 million yuan, showing a year-on-year growth of 66.00% and a remarkable quarter-on-quarter increase of 562.63% [1]. Industry Position - Sanlisi is a leading player in the rubber V-belt industry, with products widely used across various sectors including industrial, agricultural, and automotive manufacturing [1]. - The company has maintained the top position in the Chinese rubber V-belt industry for 27 consecutive years and ranks among the top 50 in the global non-tire rubber products sector [1]. R&D and Innovation - The company has a strong focus on R&D, with an investment of 22.12 million yuan in the first three quarters of 2024 [1]. - As of June 30, 2024, Sanlisi holds 23 invention patents, 71 utility model patents, 8 foreign patents, and 3 software copyrights, showcasing its commitment to innovation [1]. Technological Advancements - Sanlisi's products are recognized for their high strength, impact resistance, and long service life, with production technology reaching a mature industrial application stage [2]. - The company has established a detection center and smart manufacturing laboratory to enhance product quality and innovation capabilities [2]. Market Expansion - Sanlisi has developed a global sales network, exporting to 53 countries across six continents, and has established a comprehensive domestic sales network with over 2,000 distributors [2]. Future Outlook - The company plans to raise 725 million yuan through a targeted issuance to fund the construction of a smart manufacturing industrial park with an annual production capacity of 500 million A-meter rubber transmission belts and a digital management platform [2]. - Sanlisi aims to continue promoting lean production and management to improve efficiency and reduce costs, leveraging its strengths in branding, R&D, production, and distribution [2][3].