Investment Rating - The report assigns a neutral investment rating to the company [2]. Core Insights - The company reported a revenue of 356.91 million yuan for the first nine months of 2024, representing a year-on-year increase of 74.96%. However, it incurred a net loss of 13.78 million yuan, which is a 28.35% reduction in losses compared to the same period last year [3]. - The gross margin improved to 2.30% for the first nine months of 2024, an increase of 4.06 percentage points year-on-year. The net margin was -3.86%, up by 1.40 percentage points year-on-year [3]. - In Q3 2024, the company achieved a revenue of 112.29 million yuan, a year-on-year increase of 29.98%, with a net loss of 0.34 million yuan, indicating a narrowing of losses compared to the previous year [2][3]. Financial Performance Summary - As of November 28, 2024, the company's market capitalization is 1.228 billion yuan [4]. - The company has a total asset value of 668.85 million yuan and a net asset value of 223.26 million yuan [1]. - The earnings per share (EPS) for 2023 was -0.22 yuan, reflecting a decline from previous years [5].
华阳变速：Q3单季度收入稳健增长，净利润亏损收窄