BPSemi(688368)2024-10-23 10:21Financial Performance - In Q3 2024, the company achieved operating revenue of 353 million CNY, an increase of 17.51% compared to the same period last year [1][2] - The net profit attributable to shareholders was -24 million CNY, a decline of 143.82% year-on-year [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -5 million CNY, down 108.68% from the previous year [2] - For the year-to-date until Q3 2024, the company reported operating revenue of 1.088 billion CNY, up 18.78% year-on-year [2] - The net profit attributable to shareholders for the same period was -54 million CNY, an increase in loss of 55.32% compared to last year [2] Profitability Metrics - The comprehensive gross profit margin for Q3 2024 was 37.52%, an increase of 13.58 percentage points year-on-year [4] - The company managed to reduce losses in net profit attributable to shareholders by 87.48% when excluding share-based payment impacts [2][3] Business Developments - The company is currently planning a major asset restructuring involving the acquisition of control over Sichuan Yichong Technology Co., Ltd. through a combination of share issuance, convertible bonds, and cash payments [3] - The DC/DC power chip product line is in the market promotion stage, achieving sales revenue of 14 million CNY in Q3 2024 [5][6] - The LED lighting power management chip remains the primary revenue source, generating sales of 199 million CNY in Q3 2024 [5][6] Market Trends and Challenges - The overall price trend for lighting products is declining due to market conditions and competitive dynamics [4] - The company is focused on continuous R&D investment to reduce production costs and improve gross margins [4]