Motorcomm Electronic Technology (SH:688515)2024-11-06 09:24Group 1: Company Performance - In Q3 2024, the company achieved a revenue of 26,607.10 million RMB, representing a growth of 61.44% compared to the same period last year [4] - The growth was driven by a recovery in market demand and increased sales of new products [4] Group 2: Industrial Robotics Market - In 2023, China's industrial robot manufacturers generated an overseas revenue of approximately 95.8 billion RMB, with major markets in Asia-Pacific, Europe, and North America contributing 90% of this revenue [2] - The emerging field of collaborative robots saw an overseas revenue of over 3.8 billion RMB in 2023 [2] Group 3: Automotive Chip Developments - As of November 5, 2024, BAIC Group reported a total vehicle sales of 144,100 units in October, a year-on-year increase of 5.67% [4] - The company's automotive Ethernet physical layer chips have been integrated into the supply chain of several major clients, including BAIC and others [4] Group 4: Research and Development - The company invested 20,113.19 million RMB in R&D in the first three quarters of 2024, marking a year-on-year increase of 23.54%, with R&D expenses accounting for 75.59% of the revenue during this period [4] - The company is committed to a market-oriented and technology-driven strategy, focusing on innovation [4] Group 5: Environmental Initiatives - The company adheres to high-quality, sustainable green development principles, complying with environmental laws and regulations [5] - Initiatives include energy-saving measures in office areas and promoting employee awareness of environmental protection [5]