VEICHI(688698)2024-11-04 10:25Group 1: Financial Performance - In the first nine months of 2024, the company achieved operating revenue of 115,697.90 million yuan, a year-on-year increase of 22.37% [1] - The net profit attributable to shareholders was 36.40%, with a net profit margin of 18.19%, up 1.59 percentage points from the same period last year [1] - Domestic revenue reached 80,773.08 million yuan, growing by 38.60% year-on-year, while overseas revenue was 31,999.59 million yuan, reflecting a growth of 23.61% [1] Group 2: Business Segmentation - The main business categories include servo systems and control systems, which generated significant revenue [1] - The company’s expenses for the period were 26,230.51 million yuan, accounting for 22.67% of operating revenue, with R&D expenses at 14,087.32 million yuan, representing 12.18% [1] - The growth in expenses was attributed to increased R&D personnel and project investments, higher sales expenses to expand market share, and rising management costs [1] Group 3: Market Outlook and Strategy - The company anticipates stable order growth for the fourth quarter, with ongoing efforts to enhance market expansion and internal management [2] - The second-generation high-voltage frequency converter products are expected to continue leveraging market potential in the first half of 2024 [2] - The company is focusing on developing mid-to-large PLC products and has successfully obtained certification for the ACH200 series, which can be applied in various industrial equipment [2] Group 4: Industry Expansion - The company is actively exploring new sectors, including textiles, mining, machine tools, and efficient energy, while maintaining stable growth in traditional areas [3] - Future plans include expanding into robotics, heavy industry, HVAC, port machinery, and petrochemicals, customizing products based on customer needs [3] - The overseas market growth is primarily driven by existing business increments, with a focus on regions like Asia, Africa, and Latin America [3]