Goaland(SZ:300499)2024-10-30 12:34Group 1: Business Performance - As of the end of Q3 2024, the company's order backlog is approximately 730 million [2] - The gross profit margin for the first three quarters of 2024 is 27.96%, an increase of 1.99% compared to the same period last year [2] - The company's inventory increased by approximately 120 million, a growth of 40.90% compared to the beginning of the year [3] Group 2: Market and Product Insights - The penetration rate of immersion cooling solutions in the liquid cooling server market is currently low, but there is significant potential for future growth [1][2] - The company is focusing on expanding its market share and profitability in existing businesses [5] - The company has obtained various certifications (CE, ETL, ASME U, ROHS) for its thermal management products, which are now used in multiple countries and regions [5] Group 3: Financial and Strategic Developments - The company has approximately 180 million in freely available funds, with a debt-to-asset ratio of 23.73%, lower than comparable companies in the industry [3] - The failure of the recent capital increase was primarily due to insufficient funds from the subscribing party, which was affected by market fluctuations [4] - The company remains committed to traditional business sectors while actively exploring new market opportunities [4][5]