TFC(SZ:300394)2024-10-23 10:57Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 2.395 billion yuan, a year-on-year increase of 98.55% [2] - In Q3 2024, the operating revenue was 839 million yuan, with a quarter-on-quarter growth of 1.76% [2] - The net profit attributable to shareholders for the first three quarters was 976 million yuan, reflecting a year-on-year growth of 122.39% [2] - In Q3 2024, the net profit attributable to shareholders was 322 million yuan, showing a quarter-on-quarter decrease of 14.14% [2] Financial Costs and Profitability - The financial expenses in Q3 increased by 54.81 million yuan compared to Q2 [3] - The decrease in net profit in Q3 was primarily due to increased financial expenses [3] - The gross profit margin in Q3 was slightly lower than in Q2, influenced by exchange rates and product structure [3] Product Development and Market Strategy - The company is steadily delivering optical engine products according to customer demand, with plans for increased delivery in the future [3] - The construction of the Thailand production base is progressing normally, with major clients undergoing audits and product testing [3] - The company is actively developing multiple projects related to silicon photonics technology and CPO products [4] Accounts Receivable and Credit Losses - The increase in accounts receivable is attributed to natural growth from increased sales, with a healthy overall structure [4] - The rise in credit impairment losses is linked to the growth in accounts receivable compared to last year [4] Cost Management - The company has experienced fluctuations in expense ratios across quarters, mainly due to changes in financial expense ratios [4] - Overall, the combined ratio of sales, management, and R&D expenses relative to sales revenue has remained stable in the first three quarters of 2024 [4]