Oriental Semi(SH:688261)2024-11-04 10:25Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of CNY 680.52 million, a decrease of 11.62% compared to the same period last year [1] - The net profit attributable to shareholders was CNY 30.64 million, down 76.73% year-on-year [1] - The net profit after deducting non-recurring gains and losses was CNY 4.30 million, a decrease of 96.37% compared to the previous year [1] - In Q3 2024, the operating revenue was CNY 260.98 million, an increase of 5.91% from Q2 2024 [1] - The net profit attributable to shareholders in Q3 2024 was CNY 13.70 million, showing a quarter-on-quarter growth [1] Product and Market Insights - The company maintained continuous growth in product shipments, particularly in industrial and communication power supply sectors, including 5G base station power supplies and data center power supplies [2] - Key applications include automotive and industrial-grade applications, with notable demand for onboard chargers and communication power supplies [2] - The company is actively adjusting its product mix and advancing technology iterations to improve product performance and cost [2] Strategic Direction - The company is focused on high-quality industrial mergers and acquisitions to enhance its core business and diversify its development [3] - There is an emphasis on expanding overseas markets while maintaining a strong foundation in the domestic market [3] - The company plans to optimize its product mix and costs to improve gross margins in response to competitive pressures [2][3] Future Outlook - The company aims to leverage its resources and brand influence to enhance production capacity and support its Fabless model [3] - There is a commitment to expanding the existing product categories to better serve downstream customers, particularly in automotive and industrial sectors [4]