GUOTAI EPOINT SOFTWARE CO.(688232)2024-10-28 10:14Financial Performance - In the first three quarters of 2024, the company achieved revenue of 1.258 billion CNY, a year-on-year decrease of 8.71% [2] - The net profit attributable to shareholders for the same period was -14 million CNY, with the loss narrowing by 84.38% year-on-year [2] - In Q3 2024, the company recorded a profit of 9.7767 million CNY, indicating a gradual recovery [2] Business Segment Performance - Smart Procurement: Generated revenue of 584 million CNY, down 2.46% year-on-year; procurement operation revenue was 269 million CNY, up 7.85% [2] - Smart Government: Achieved revenue of 470 million CNY, with a year-on-year decrease [3] - Digital Construction: Revenue was 197 million CNY, a decline of 8.95% year-on-year [3] Key Financial Metrics - Gross margin stood at 60.94%, an increase of 4.86 percentage points year-on-year [3] - Management expense ratio was 9.51%, down 0.46 percentage points [3] - Sales expense ratio was 29.96%, down 0.47 percentage points [3] - R&D expense ratio was 27.12%, down 0.29 percentage points [3] Strategic Developments - The company signed a strategic cooperation agreement with Huawei Cloud in September 2024 to develop joint solutions in government and data resource sectors [5] - The company is actively participating in the development of public data resource policies, with a focus on expanding its data element business [4][5] Regulatory and Market Context - The State Council issued a three-year action plan for government procurement, which is expected to drive demand for the company's services [2] - The Ministry of Housing and Urban-Rural Development released a digital construction layout plan, aiming for significant achievements by the end of 2027 [5]