铜冠矿建：运营稳健，Q3单季收入增长三成

Investment Rating - The report does not provide a specific investment rating for the company [3]. Core Insights - The company reported a revenue of 990.28 million yuan for the first nine months of 2024, representing a year-on-year increase of 22.88%. The net profit attributable to shareholders was 54.38 million yuan, up 13.49% year-on-year, while the net profit excluding non-recurring items was 48.83 million yuan, reflecting a 12.26% increase year-on-year [1][2]. - The company maintains strict cost control, with a slight decline in gross and net profit margins in Q3. For the first nine months of 2024, the gross margin was 13.20%, an increase of 0.44 percentage points year-on-year, while the net margin was 5.49%, a decrease of 0.45 percentage points year-on-year [1][4]. - The company is a national high-tech enterprise focused on providing integrated development services for non-coal mines globally, with over 60 years of experience and services provided to more than 70 large and medium-sized mines [2]. Financial Summary - For the first three quarters of 2024, the company achieved a gross margin of 13.20% and a net margin of 5.49%. The selling expense ratio was 0.15%, down 0.14 percentage points year-on-year, while the management expense ratio was 3.39%, down 0.83 percentage points year-on-year. The R&D expense ratio was 2.10%, down 0.32 percentage points year-on-year, and the financial expense ratio was 0.76% [1]. - In Q3 2024, the company reported a revenue of 334.68 million yuan, a year-on-year increase of 30.15%. The net profit attributable to shareholders was 11.27 million yuan, down 8.79% year-on-year, while the net profit excluding non-recurring items was 10.24 million yuan, reflecting a 7.88% increase year-on-year [3][4].