Motorcomm Electronic Technology (SH:688515)2024-11-04 09:38Financial Performance - The company achieved a revenue of CNY 266.071 million for the first nine months of 2024, representing a year-on-year growth of 61.44% [2] - In Q3 2024, the revenue reached CNY 111.3946 million, marking a year-on-year increase of 97.69% [4] - R&D investment for the first nine months was CNY 201.1319 million, up 23.54% year-on-year, accounting for 75.59% of total revenue [2] Industry Outlook - The global semiconductor market is projected to reach USD 620.2 billion in 2024, with a growth rate of 17% [3] - The semiconductor sales in August 2024 reached USD 53.1 billion, reflecting a year-on-year increase of 20.6% [3] - The global chip market is expected to grow by 18.8% in 2024, reaching USD 629.8 billion [3] Product Development - The company has launched new products, including a dual-port Gigabit Ethernet switch chip, which has begun small-scale shipments [4] - The total chip shipment has exceeded 200 million units, achieving significant mass production [4] - The revenue from industrial-grade products increased by 120.40% year-on-year in the first nine months of 2024 [5] Market Trends - The production of integrated circuits and new energy vehicles increased by 26.0% and 33.8% respectively in the first nine months of 2024 [3] - The overall industrial added value in September 2024 grew by 5.4% year-on-year, indicating a positive market environment [3] Profitability - The company's gross margin has shown an upward trend, increasing from 41.11% in Q1 2024 to 42.90% in Q3 2024 [5] - The increase in the proportion of industrial-grade products has contributed to the overall improvement in gross margin [5] ESG Initiatives - The company has released its first ESG report for 2023, reflecting its commitment to sustainable development [6] - The ESG rating has improved from BB to BBB, recognizing the company's efforts in environmental, social, and governance areas [6]