Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook compared to the market index [9]. Core Views - The company specializes in the production of non-uniform drive shafts, which are critical components in vehicle transmission systems, primarily used in commercial vehicles and special equipment [1]. - The company's revenue for the first nine months of 2024 was 89.86 million yuan, a decrease of 26.05% year-on-year, while the net profit attributable to shareholders was 14.91 million yuan, down 4.74% year-on-year [4]. - In the third quarter of 2024, the company achieved a revenue of 30.66 million yuan, reflecting an increase of 11.43% year-on-year, and a net profit of 6.12 million yuan, up 18.11% year-on-year [4]. Financial Summary - As of November 8, 2024, the company's closing price was 16.88 yuan, with a total share capital of 105.10 million shares and a net asset value of 310.51 million yuan [2]. - The gross profit margin for the first nine months of 2024 was 30.63%, an increase of 7.16 percentage points year-on-year, while the net profit margin was 16.59%, up 3.71 percentage points year-on-year [4]. - The company's financial performance over the past few years shows fluctuations, with a peak revenue of 160.40 million yuan in 2022, followed by a decline in 2023 to 150.36 million yuan [6].
同心传动：Q3单季度收入、利润同比增长