Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of CNY 8.377 billion, a year-on-year increase of 16.60% [3] - Net profit attributable to shareholders reached CNY 4.12 billion, up 47.73% year-on-year [3] - The gross profit margin for the first three quarters was 35.5% [3] Business Segments - Revenue from network equipment increased by approximately 20.30% quarter-on-quarter [3] - Cloud desktop revenue also showed significant growth, contributing to the overall performance [3] - The company ranked third in the Chinese data center switch market [3] Market Trends and Opportunities - The AI wave is driving innovation and enhancing product competitiveness, leading to steady overall business growth [3] - The company is benefiting from the acceleration of data center construction by major internet clients [4] - The enterprise market is gradually recovering, particularly in the education sector, which has positively impacted revenue [4] Cost Management - Management measures implemented at the beginning of the year have started to show results, with a reduction in operating costs [4] - Management expenses decreased quarter-on-quarter, with a year-on-year growth rate decline of approximately 9 percentage points [4] Overseas Business Development - The company has expanded its overseas business to over 90 countries, with a compound annual growth rate of 40.91% from 2021 to 2023 [5] - In the first three quarters of 2024, overseas revenue reached approximately CNY 1.242 billion, a year-on-year increase of about 47%, accounting for approximately 15% of total revenue [5] Future Outlook - The company anticipates continued growth in the enterprise network market and overseas business, which will positively impact revenue structure and gross margin [5] - The introduction of supportive economic policies is expected to drive demand across various industries [4] - The company is focusing on enhancing its compliance system and building capabilities to support international market expansion [5]
锐捷网络(301165) - 2024年10月25日投资者关系活动记录表