Company Overview - The company is a national-level specialized and innovative "little giant" enterprise specializing in the design, manufacturing, and sales of precision bearings, focusing on domestic substitution in industries such as automotive parts, high-end equipment, robotics, and general aviation [1] - It has a well-established R&D facility, a provincial-level enterprise technology center, and a nationally certified testing center, maintaining technological advantages through independent R&D, collaboration with research institutes, and customer-synchronized development [1] Market Data - Closing price: 9.96 RMB [2] - Total shares: 155.53 million [2] - Circulating shares: 97.51 million [2] - Net assets: 362.72 million RMB [2] - Total assets: 571.64 million RMB [2] - Net assets per share: 2.33 RMB [2] Financial Performance - Revenue in 2023: 275.77 million RMB, a 7.66% YoY increase [3] - Net profit attributable to shareholders in 2023: 7.88 million RMB, a 58.72% YoY decline [3] - Gross margin in 2023: 21.55%, down from 26.17% in 2022 [3] - ROE in 2023: 2.21%, a significant drop from 6.15% in 2022 [3] - EPS in 2023: 0.05 RMB, down from 0.12 RMB in 2022 [3] - P/E ratio in 2023: 130.23, a sharp increase from 23.78 in 2022 [3] Q3 2024 Performance Highlights - Revenue for Q1-Q3 2024: 248.27 million RMB, a 23.74% YoY increase [5] - Net profit attributable to shareholders for Q1-Q3 2024: 22.81 million RMB, a 472.36% YoY surge [5] - Gross margin for Q1-Q3 2024: 27.13%, up 7.23 percentage points YoY [5] - Net margin for Q1-Q3 2024: 9.19%, up 7.20 percentage points YoY [5] - Revenue for Q3 2024: 84.02 million RMB, a 19.73% YoY increase [5] - Net profit attributable to shareholders for Q3 2024: 5.81 million RMB, a 99.48% YoY increase [5] Profitability and Expense Ratios - Sales expense ratio for Q1-Q3 2024: 1.85%, down 0.41 percentage points YoY [5] - Management expense ratio for Q1-Q3 2024: 9.31%, up 1.00 percentage points YoY due to increased share-based payment expenses [5] - R&D expense ratio for Q1-Q3 2024: 4.81%, down 0.41 percentage points YoY [5] - Financial expense ratio for Q1-Q3 2024: 0.19% [5] - Gross margin for Q3 2024: 25.28%, up 3.63 percentage points YoY [5] - Net margin for Q3 2024: 6.91%, up 2.76 percentage points YoY [5]
泰德股份：Q3盈利能力提升，利润保持高增长