IECHO(SH:688092) Zheng Quan Shi Bao Wang·2024-10-31 03:03Core Viewpoint - Aike Technology reported a record high revenue growth of 26% year-on-year for Q3 2024, driven by stable demand in downstream industries and continuous product upgrades [1] Financial Performance - For the first three quarters, the company achieved a revenue of 324 million yuan, a year-on-year increase of 25.53%, more than double the revenue from the same period in 2020 [1] - The net profit attributable to shareholders was 50.05 million yuan, a decrease of 4.12% year-on-year, while the net profit excluding non-recurring items was 48.74 million yuan, down 1.75% [1] - After excluding the financial impact of the acquisition of ARISTO Germany, the net profit attributable to shareholders increased by 9.92% year-on-year, and the net profit excluding non-recurring items grew by 13.03% [1] Market Position and Growth Potential - Aike Technology focuses on the non-metal materials intelligent cutting sector, with significant growth potential due to the expanding market space and notable competitive advantages [2] - The company is well-positioned to benefit from industry upgrades, aging population trends, and the increasing demand for carbon fiber cutting in various sectors [2] - The acquisition of 100% of ARISTO Germany is expected to enhance technology upgrades, accelerate market expansion, and boost brand influence [2] Research and Development - In Q3, the company's R&D investment reached 8.94 million yuan, a year-on-year increase of 77.69%, reflecting a strong commitment to advancing R&D projects [3] - Total R&D investment for the first three quarters was 22.89 million yuan, up 22.84% year-on-year [3] - The company has a dedicated R&D team of 101 personnel, representing 21.95% of total employees, and has been granted 66 invention patents, 96 utility model patents, and 126 software copyrights as of mid-2024 [4]