Financial Performance - Jiangsu Leili achieved a revenue of 2.476 billion yuan in the first three quarters, a year-on-year increase of 10.2% [1] - Net profit for the same period was 240 million yuan, a decline of 4.42% year-on-year, with Q3 net profit at 69.12 million yuan, down 18.35% compared to the previous year [1] - The decline in profit is attributed to the ramp-up phase of the precision aluminum die-casting production line, high fixed costs, and reduced gross margin from overseas sales due to exchange rate fluctuations [1][2] Segment Performance - Q3 revenue from the home appliance sector saw a slight decline due to seasonal sales downturn, particularly in air conditioning products, but is expected to recover in Q4 with new product launches [2] - Other segments, excluding home appliances, experienced revenue growth in Q3 [2] - The industrial control segment reported a 19.8% year-on-year revenue increase, driven by rapid growth in industrial pumps and automation components [2] - The automotive parts segment saw a 25.5% year-on-year revenue increase, with successful mass production of electric compressor motors and lidar motors [2] New Product Development - New products in non-home appliance sectors are entering mass production, supporting stable revenue growth [2] - In the medical field, new product development is progressing well, with ophthalmic components seeing over 200% year-on-year revenue growth [3] - The company is expanding its product range in the medical sector through collaboration with Mindray Medical [3] Future Plans and Investments - Jiangsu Leili is actively seeking external investment opportunities in the home appliance, industrial control, automotive parts, and medical sectors to enhance technological advantages [3] - The company is expanding its production capacity in Vietnam, primarily targeting North American clients, and plans to establish a subsidiary in Mexico by the end of 2024 [3]
江苏雷利(300660) - 江苏雷利投资者关系管理信息
