SOKAN(688157)2024-10-22 09:21Financial Performance - In the first nine months of 2024, the company achieved operating revenue of 526.83 million yuan, a year-on-year increase of 26.91% [2] - The third quarter revenue reached 203.49 million yuan, with quarter-on-quarter growth of 20.22% and year-on-year growth of 8.17% [2] - The net profit attributable to shareholders for the first nine months was 71.23 million yuan, up 32.89% year-on-year, with a quarterly net profit of 30.52 million yuan [3] Business Segments - In the high-end consumer electronics sector, revenue for the first nine months was 440.33 million yuan, a year-on-year increase of 29.43% [2] - The automotive sector generated 79.20 million yuan in revenue, reflecting an 18.97% year-on-year growth, with the third quarter seeing a revenue of 32.53 million yuan [3] - The special equipment sector is developing new projects, including a UV ink printing project for battery insulation, which is currently in the testing phase [4] Strategic Developments - The company is focusing on a "three horizontal and three vertical" industrial layout, with high-end consumer electronics as the primary growth curve [4] - Strategic partnerships with major clients like Huawei and OPPO are being strengthened, leading to increased market share [3] - The company is actively pursuing opportunities in the low-altitude economy and has established collaborations with eVTOL manufacturers [4] Future Outlook - The company aims to become a global leader in new functional coating materials, emphasizing continuous technological innovation and market expansion [4] - AI technology is expected to drive new demand for innovative functional coating materials, with the company positioned to leverage its established client relationships for new project opportunities [5] - The Vietnam factory has transitioned to stable operations, supporting the company's global expansion strategy [5]