SMHC(SH:600131)2024-11-01 07:34Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 3.747 billion yuan, a year-on-year decrease of 4.89% [1] - The net profit attributable to shareholders was 298 million yuan, down 13% year-on-year [1] - In Q3 alone, the company reported revenue of 1.065 billion yuan, a decline of 4.38% year-on-year, with a net profit of 66 million yuan, down 29.29% [1] Gross Margin Outlook - The company has seen a slight increase in gross margin compared to the same period last year, and expects future gross margin to remain stable if the revenue structure does not change significantly [1] Revenue Decline Reasons - The decline in revenue for Q3 is attributed to a high proportion of centralized procurement business in the bidding amount, which has not yet converted to revenue [1] Future Business Development - The company anticipates that digital investment requirements from grid enterprise customers will increase, emphasizing the integration of digitalization with actual production operations [1] - The company aims to enhance its core capabilities in digitalization and intelligent technology to support stable grid operations [3] Technological Innovation - The company is committed to enhancing its technological innovation capabilities during the 14th Five-Year Plan period, focusing on R&D investments in digital platforms, smart energy, artificial intelligence, and integrated communication networks [4] Open Source Technology Development - The subsidiary, Zhongdian Qimingxing, is developing the Starry EOS system based on the open-source Harmony technology framework, which is still in the cultivation stage [5] Compliance and Commitment - The company is actively following up on commitments made during the 2019 major asset restructuring to avoid competition and reduce related transactions [6]