CTC(603060)2024-11-04 07:34Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of CNY 1.652 billion, an increase of 3.27% compared to the same period last year [1] - The total profit for the period was CNY 99.3 million, with a growth rate of 1.41% [2] - The net profit attributable to shareholders was CNY 71.28 million, a decrease of CNY 259.67 million, representing a decline of 3.51% [2] - The headquarters saw an operating revenue increase of approximately 8% year-on-year [2] Segment Performance - The engineering segment generated operating revenue of CNY 496 million, a year-on-year increase of 3.39%, with total profit growing by 9.79% [2] - The materials segment achieved operating revenue of CNY 672 million, a year-on-year increase of 5.21%, with total profit rising by 11.06% [2] - The environmental and food agricultural segment's revenue increased by approximately CNY 11 million, but total profit decreased by CNY 68 million due to market pressures [3] - The intelligent manufacturing segment reported operating revenue of CNY 149 million, a year-on-year decrease of 4.87%, with total profit declining by 15.29% [3] Strategic Initiatives - The company is focusing on external mergers and acquisitions as a key strategic path, particularly in new materials, new energy, and special equipment sectors [4] - The company is actively exploring high-value-added new material businesses to counteract the declining prices in traditional sectors [4] - The company has a positive outlook for its dual-carbon business, expanding carbon verification and consulting services [5][6] Market Conditions - The external market environment has not fully recovered, and intensified competition has led to a decrease in business gross margins [2] - The company is adjusting its business structure to enhance the proportion of high-value-added services in response to price declines in inspection and testing services [4] - The company anticipates a good market outlook for its dual-carbon services following the introduction of new regulatory frameworks [6]