IMPULSE(002899)2024-11-15 09:35Group 1: Financial Performance - The company's revenue for the third quarter increased by 36.09% year-on-year, reaching 896 million yuan [2] - Commercial products accounted for 90.30% of the company's product share, with a year-on-year growth of 38.75% [2] - Domestic market growth was 5.64%, while exports saw a year-on-year increase of 46.16% [2] Group 2: Market Trends - The fitness market is experiencing changes, with an increase in the number of new gyms globally, leading to higher demand for commercial fitness equipment [3] - The market share for strength training products has surpassed that of aerobic products, indicating a shift in gym product composition [3] Group 3: Competitive Position - The company's proprietary brand has strong competitiveness in emerging markets such as Vietnam and Thailand, supported by over 30 years of OEM experience [3] - The company's commercial products are recognized for their quality and ergonomic design, comparable to leading global brands [3] Group 4: Strategic Initiatives - The company is in the intention stage of collaboration with Li Weike on AI glasses, focusing on equity investment and the establishment of a joint venture [3] - The new industrial park is expected to complete its relocation by Q1 of next year, with full production capacity anticipated by Q2 [3] - The company plans to expand into other markets to mitigate potential risks from tariff increases [4]