Investment Rating - The report does not provide a specific investment rating for the company [1] Core Views - The company, Lierda (832149.BJ), has experienced an expanded loss in the first three quarters of 2024, with revenue of 1,462.22 million yuan, a year-on-year decrease of 12.79%, and a net profit attributable to shareholders of -48.59 million yuan, a year-on-year decline of 3,389.68% [1] - The gross profit margin for the first three quarters was 13.42%, an increase of 0.24 percentage points year-on-year, while the net profit margin attributable to shareholders was -3.38%, a decrease of 3.22 percentage points year-on-year [1] - In Q3 2024, the company reported revenue of 525.25 million yuan, a year-on-year decrease of 14.18%, and a net profit attributable to shareholders of -7.53 million yuan, a year-on-year decline of 9.79% [1] Financial Performance Summary - For the first three quarters of 2024, the company reported a non-recurring net profit of -55.96 million yuan, a year-on-year decrease of 485.26% [7] - The total revenue for 2023 was 2,426.23 million yuan, reflecting a year-on-year decline of 5.90% [2] - The gross profit margin for 2023 was 13.24%, down from 17.40% in 2022 [2] - The company’s total assets turnover ratio was 0.68, indicating a decrease compared to the previous year [7] Company Overview - Lierda is a one-stop partner for the research and development, technical application, and service implementation of IoT products, with a vision of "Connecting Everything, Lierda Smartens the World" [8] - The company has been in operation for over twenty years, serving thousands of clients and assisting in the intelligent upgrade of various fields [8] - As of December 24, 2024, the company's market capitalization was 4.807 billion yuan [5]
利尔达：2024年前三季度亏损扩大，业绩承压