Up-shine Lighting (SZ:301362)2024-10-28 10:31Financial Performance - In the first three quarters of 2024, the company achieved a revenue of ¥1,230,923,667.58, representing an 8.10% year-on-year increase [1] - The net profit attributable to shareholders was ¥187,100,531.48, with a year-on-year growth [1] - The net profit after deducting non-recurring gains and losses was ¥162,205,193.90, showing a decline of 9.32% year-on-year [2] Revenue by Region - In the first three quarters of 2024, revenue distribution was as follows: Europe 47.14%, Oceania 16.60%, Americas 16.28%, and Asia 14.41% [2] Gross Margin Analysis - The gross margin for commercial lighting was 27.37%, while industrial lighting was 35.56%, with a year-on-year decrease of 1.38 percentage points for commercial lighting and 4.20 percentage points for industrial lighting [2] North America Market Strategy - Revenue from the Americas grew by 34.24% year-on-year, with a gross margin of 29.78% [2] - The company has two main strategies for the North American market: one focuses on differentiated and customized industrial lighting products for engineering clients, and the other on commercial and general industrial lighting products [2] Investment and Dividend Policy - The company plans to implement a profit distribution policy where at least 50% of the distributable profits will be distributed in cash annually for the next three years [3] - The company has repurchased 1,483,309 shares, accounting for 1.4171% of the total share capital, with a total transaction amount of ¥49,495,173.73 [3] Currency Risk Management - The company primarily sells products priced in USD and manages exchange rate risks through forward foreign exchange contracts [3]