Yunyi Electric(300304)2024-10-30 10:57Group 1: Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 1.556 billion RMB, a year-on-year increase of 31.77% [2] - The net profit attributable to shareholders was 307 million RMB, reflecting a year-on-year growth of 31.27% [2] - The non-recurring net profit reached 280 million RMB, with a significant year-on-year increase of 64.46% [2] Group 2: Business Development and Market Position - The company is focusing on the intelligent power controller business, which has a strong competitive advantage in cost and reliability [2] - The intelligent wiper system products are being adapted for several popular car models, including those from BYD and SAIC Volkswagen [2] - The company is actively expanding its market share in the global automotive sector, particularly with partnerships with leading car manufacturers [2] Group 3: Future Growth Strategies - The company plans to enhance its product core technology and accelerate overseas business expansion to drive growth [3] - There are ongoing developments in the micro motor controller segment, particularly in automotive thermal management [3] - The company is exploring opportunities in the charging gun and connector markets, aligning with the rapid growth of the new energy vehicle sector [3] Group 4: Shareholder Engagement and Incentives - The company has repurchased 20.33 million shares of its ordinary A-shares to implement employee stock ownership plans or equity incentive plans [3] - Future industrial investments will focus on targets that have positive synergies with the company's business scale [4]