Gian(SZ:300709)2024-11-02 10:06Financial Performance - The company achieved a revenue of 1.576 billion yuan in the first three quarters, a decrease of 14.57% compared to the same period last year, with a decline of 996.1 million yuan [2] - The net profit margin decreased by 0.75 percentage points compared to last year [3] - The operating activities generated a cash flow of 1.22 billion yuan, an increase of 22.33% year-on-year [3] Business Segments - Revenue from components and assemblies reached 1.008 billion yuan, while transmission and cooling components generated 355 million yuan, showing stable growth in these segments [2] - The precision plastic components segment saw a slight decline in revenue due to the impact of consumer electronics terminal clients' new product sales [2] - The cooling business, particularly in liquid cooling, has been adjusted since 2022, with significant revenue coming from liquid cooling modules [4] Profitability and Margins - Overall gross margin improved compared to the previous year, with several segments like precision metal and plastic showing increased margins [3] - The company's asset-liability ratio decreased from 38.69% to 34.58%, indicating a stronger financial position [3] - R&D expenses remained stable at 8.8%, reflecting ongoing investment in new technologies and products [3] Strategic Initiatives - The company initiated strategic workshops and lean workshops to enhance operational efficiency and reduce waste [3] - Focus areas include standardization, lean management, and information technology to improve overall performance [3] Market Outlook - The company is actively involved in the foldable screen market, providing components for leading brand clients [4] - Future growth is anticipated in the cooling sector, particularly in energy storage and edge computing servers [4] - The company aims to maintain a stable revenue contribution from overseas clients while diversifying its business to reduce reliance on consumer electronics [5]