ZWSOFT(SH:688083)2024-10-31 10:34Financial Performance - In Q3 2024, the company's revenue reached ¥20,410.39 million, a year-on-year increase of 7.66% [2] - The net profit attributable to shareholders was ¥479.20 million, a decrease of 11.83% compared to the same period last year [2] - For the first three quarters of 2024, total revenue was ¥51,230.58 million, reflecting a growth of 10.11% year-on-year [1] Market Challenges - The company faced pressure in Q3 due to a downturn in the global macroeconomic environment, leading to conservative software purchasing behavior from both domestic and overseas clients [2] - Factors such as geopolitical conflicts and budget cuts from major clients contributed to a slowdown in overseas revenue growth [2] Strategic Developments - Despite challenges, the company has made progress in marketing and channel development, particularly in overseas markets [2] - The integration of Beijing Bochao post-acquisition has shown improvement, with operational stability and cash flow enhancements noted [3] - The company anticipates significant progress in product integration with Beijing Bochao by 2025, which will support business expansion in the power grid sector [3] Product Updates - The annual product version updates were released in mid-2024, but the performance improvements have not yet fully reflected in revenue growth due to the need for extensive client testing [3][4] - The company expects that as clients complete their product validations, the performance enhancements will contribute to revenue growth in Q4 and beyond [4]