AWINIC(SH:688798)2024-11-12 07:34Group 1: Financial Performance - The company's operating revenue for the first three quarters of 2024 was approximately 2.366 billion CNY, representing a year-on-year growth of about 32.71% [1] - The gross profit margin for Q3 2024 was 32.92%, an increase of 10.8 percentage points year-on-year and 4.02 percentage points quarter-on-quarter [2] - The net profit attributable to shareholders for Q3 2024 was 86.43 million CNY, achieving profitability compared to the previous year, with a quarter-on-quarter growth of 55.27% [2] - For the first nine months of 2024, the net profit attributable to shareholders was 177.91 million CNY, also achieving profitability compared to the previous year [2] Group 2: Business Growth Factors - The growth in operating revenue was driven by stable growth in the consumer electronics, industrial interconnection, and automotive sectors, along with an increase in market share for new products [1] - The improvement in gross profit margin was attributed to the continuous growth of new and high-value products, accelerated iteration of old products, and cost reduction efforts [2] - The company has expanded its client base to include major brands such as Xiaomi, OPPO, vivo, and Samsung, among others, in various sectors including AIoT and automotive [1] Group 3: Cash Flow and Cost Management - The net cash flow from operating activities increased by 60.44% from the beginning of 2024 to the end of Q3 2024, primarily due to increased cash receipts from sales and reduced operating expenses [2] - The company has implemented management reforms, including digitalization of the R&D process, which has led to a reduction in labor and engineering development costs compared to the previous year [2]