DAYUAN PUMP(SH:603757)2024-11-11 08:41Group 1: Company Performance - The company's revenue in the first three quarters of 2024 experienced seasonal fluctuations compared to the previous year [1] - The overall market environment has impacted business development, but some smaller business segments have shown rapid growth due to low baselines [2] - The company's performance in the first three quarters of 2024 has declined compared to the high baseline of 2023, but long-term focus on product and service enhancement is expected to create value for customers and shareholders [2] Group 2: Profit and Market Dynamics - The main reason for the decline in net profit in the third quarter is the significant drop in high-margin products [3] - The market demand for hydrogen fuel cell vehicle cooling pumps has remained stable, with the company maintaining a competitive advantage in terms of shipment volume [3] - The commercial pump segment has lagged behind the agricultural pump products due to higher requirements in product and management aspects, although it has shown good growth on a low baseline in the first three quarters of 2024 [4]