THEC(BJ:833509) INDUSTRIAL SECURITIES·2024-12-04 08:47Investment Rating - The report does not provide a specific investment rating for the company [3]. Core Insights - The company focuses on the research, production, and sales of electronic measurement instruments, achieving revenue growth and profit increase in the first three quarters of 2024 [3]. - For Q1-Q3 2024, the company reported revenue of 129.84 million yuan, a year-on-year increase of 13.90%, and a net profit attributable to shareholders of 27.70 million yuan, up 7.16% year-on-year [1]. - The gross profit margin for the same period was 55.64%, down 3.09 percentage points year-on-year, while the net profit margin was 21.27%, down 1.40 percentage points year-on-year [1]. - In Q3 2024, the company achieved revenue of 43.73 million yuan, a year-on-year increase of 16.19%, but the net profit attributable to shareholders decreased by 5.78% to 8.84 million yuan [1]. - The company has a market capitalization of 2.938 billion yuan as of November 29, 2024, with a PE ratio of 72.54 times [3]. Financial Performance Summary - The company reported a net operating cash flow of 30.58 million yuan, a significant increase of 70.70% year-on-year, attributed to increased cash receipts from sales and reduced cash payments for purchases [3]. - The total asset turnover ratio improved to 0.34 compared to the previous year [3]. - The company maintains a focus on technological research and product development in the electronic measurement field, particularly in precision impedance measurement [3].