SNS(300470)2024-10-29 15:46Financial Performance - In Q3, the company's operating revenue increased by 11.45% year-on-year [1] - The net profit attributable to shareholders grew by 11.94% year-on-year [1] - For the first three quarters, operating revenue rose by 15.56% year-on-year, while net profit attributable to shareholders increased by 9.15% year-on-year [1] Business Segments - The mechanical sealing segment saw both incremental and existing business revenue growth in Q3, with incremental business accounting for approximately 55% of total revenue [2] - The rubber and plastic sealing segment experienced significant revenue growth in Q3, primarily due to the consolidation of KS GmbH, contributing over 20 million yuan in revenue [2] Market Outlook - The company anticipates that incremental business revenue will maintain certain growth despite intensified competition and macroeconomic pressures [2] - The management team remains confident in achieving the initial budget targets for the year, despite existing pressures [2] Acquisition Strategy - The company has acquired 70% of KS GmbH, a leading producer of resin-based materials, with the remaining 30% expected to be finalized next year [2][3] - The acquisition aims to enhance the upstream supply chain and expand international business [2] - The company emphasizes the importance of deep integration post-acquisition to maximize the benefits of the acquisition [3]