FORTUNE(SH:603173)2024-11-08 09:27Group 1: Company Overview - The company achieved a revenue of 1.654 billion CNY in the first three quarters of 2024, representing a year-on-year growth of 10.17% [2] - The net profit attributable to shareholders reached 208 million CNY, with a year-on-year increase of 44.85% [2] - The net profit excluding non-recurring gains was 186 million CNY, showing a growth of 40.39% year-on-year [2] - In Q3 2024, the company reported a revenue of 744 million CNY, a year-on-year increase of 34.39% [2] - The net profit for Q3 attributable to shareholders was 103 million CNY, reflecting a significant year-on-year growth of 113.74% [2] - The overall gross margin for the first three quarters was 24%, indicating a year-on-year increase [2] Group 2: Operational Insights - The increase in performance is attributed to a full order book, with some overseas projects delayed due to international shipping issues [2] - The domestic project gross margin is approximately 15%, while the overseas project gross margin is around 30% [3] - The company added approximately 2.18 billion CNY in new orders in the first half of the year, with a focus on large single orders [3] - The company currently operates four production bases and does not plan to expand capacity at this time [4] Group 3: Financial and Market Considerations - Financial expenses have been impacted by exchange rate losses due to the appreciation of the RMB, affecting dollar and euro-denominated income [3] - The main currencies for overseas project settlements include RMB, USD, and EUR [4] - The company is exploring opportunities in the industrial gas sector, although no significant projects have been finalized yet [4]