SUPCON Technology (SH:688777)2024-11-07 07:36Group 1: Investor Relations Activities - The investor relations activities included analyst meetings, media interviews, performance briefings, and site visits, with participation from various financial institutions and investment firms [1][2][3][4][5][6][7]. Group 2: Company Performance and Financials - In the first three quarters of 2024, the company achieved a revenue of 6.337 billion CNY, representing a year-on-year growth of 11.58% [6]. - The net profit attributable to the parent company reached 737 million CNY, a year-on-year increase of 32.02%, while the net profit excluding non-recurring gains and losses was 675 million CNY, up 55.60% [6]. Group 3: Industry Trends and Policies - The company anticipates a significant period of equipment upgrades in various industries, driven by national policies that provide clear guidelines and financial support for equipment renewal and technological transformation [4]. - The government has introduced specific policies to support equipment upgrades, including special loan policies from the central bank and subsidies from relevant ministries [4]. Group 4: Technological Innovations and AI Integration - The company is committed to integrating AI into industrial applications, aiming to transition from a traditional automation company to an industrial AI company, enhancing economic value for clients [4][6]. - The TPT AI model, launched in June 2024, has been widely adopted across multiple industries, significantly improving production efficiency and safety while reducing costs [6]. Group 5: International Market Expansion - The company is actively expanding its international market presence, focusing on Southeast Asia, the Middle East, Central Asia, and Europe, with notable collaborations with high-profile clients like Saudi Aramco and BASF [5]. - Recent projects include winning contracts for advanced robotic systems and industrial information security products, marking significant milestones in the company's overseas business expansion [5]. Group 6: Subscription Model for Software Products - The subscription model for software products has been well-received, with hundreds of clients engaging in this flexible service offering since its launch in Q2 2024 [6]. - This model aims to enhance customer engagement and support long-term collaborative development, contributing to the overall service capability from design to operation [6]. Group 7: Strategic Transformation Goals - The company aims to transform into a data-centric industrial AI enterprise, optimizing its business model and talent pool to leverage accumulated data in the process industry [7]. - The dual architecture for technological innovation and three platforms for business model innovation are designed to maximize data value and enhance customer service [7].