Lanpec(SH:601798) Sou Hu Cai Jing·2025-04-14 11:35Core Viewpoint - The company, Lanke High-tech, has reported a significant decline in revenue and net profit for the third quarter of 2024, indicating potential challenges in its financial performance and market position [2]. Company Overview - Lanke High-tech specializes in the research, design, production, installation, and technical services of petroleum, petrochemical, and new energy specialized equipment [1]. - The company has contributed 1,180 technological achievements to the nation, including 3 National Invention Awards and 4 National Science and Technology Progress Awards [1]. - Lanke High-tech holds 273 authorized patents, including 58 invention patents and 215 utility model patents [1]. Financial Performance - For the third quarter of 2024, the company achieved an operating income of 499 million yuan, a year-on-year decrease of 38.89% [2]. - The net profit for the same period was -20,697,939.6 yuan, reflecting a year-on-year increase in losses of 60.73% [2]. - The gross profit margin stood at 15.26% [2]. Market Position - As of April 14, the company's stock closed at 6.1 yuan, with a market capitalization of 2.163 billion yuan and a price-to-book ratio of 1.66 [1]. - The average price-to-earnings ratio (PE) in the industry is significantly higher, indicating that Lanke High-tech may be undervalued compared to its peers [2].