KDL(002850)2024-10-30 03:10Investment Rating - The report maintains a "Buy" rating for the company [7] Core Views - The company's Q3 2024 performance met expectations, with a revenue of 8.592 billion yuan, representing a year-on-year growth of 10.6%. The net profit attributable to the parent company was 1.016 billion yuan, up 27.9% year-on-year [4][5] - The company has a strong customer base, including major players like CATL and LGES, and is expected to see continued growth in overseas shipments due to new production bases in Sweden and Hungary [6] - The company is expanding into the robotics sector, which is anticipated to create a new growth avenue [6] Financial Summary - For Q3 2024, the company achieved a revenue of 3.146 billion yuan, a year-on-year increase of 10.4% and a quarter-on-quarter increase of 7.1%. The net profit for the same period was 368 million yuan, reflecting a year-on-year growth of 28.7% [5] - The gross profit margin for Q3 2024 was 23.42%, with a slight decrease from the previous quarter due to price reductions in the industry [5] - The company’s projected revenues for 2024, 2025, and 2026 are 12.799 billion yuan, 15.691 billion yuan, and 18.612 billion yuan respectively, with corresponding net profits of 1.416 billion yuan, 1.723 billion yuan, and 2.077 billion yuan [8][10]