XINYA(605277)2024-11-25 07:35Financial Performance - Revenue for Q3 2024 reached 2.479 billion yuan, a 12.34% increase year-over-year [3] - Net profit attributable to shareholders was 101 million yuan, a 7.69% decrease compared to the same period last year [3] - Profit decline attributed to increased depreciation from new factory, higher share-based compensation, intensified market competition, and overseas subsidiary investments [3] Product Segments Communication Cables - Includes flame-retardant cables, 5G hybrid optical cables for communication base stations, data centers, and urban infrastructure [3] - Data cables include high-frequency products like PCIe4.0/5.0/6.0 for AI servers and data centers [3] - Currently developing PCIe7.0 technology [5] Automotive Cables - Achieved 66.5909 million yuan in revenue for H1 2024, a 168.56% year-over-year increase [5] - Applications include traditional and new energy vehicles, lighting, audio systems, and battery-related wiring [5] - Growth driven by successful client certifications and mass production [5] Consumer Electronics - Core business segment showing recovery and growth [5] - Applications include smart home appliances, computers, industrial control, and medical equipment [5] Strategic Partnerships - Long-term collaboration with Amphenol (AST) for over 20 years [3] - Supplies high-frequency data cables and supporting materials for server systems and industrial control [3] Technological Development - No current production capability for 112G and 224G cables [5] - Focus on maintaining close client communication and continuous R&D investment [5] - Strengthening technical expertise and expanding technology reserves [5] Future Development - Core products include consumer electronics, communication cables, new energy cables, and automotive cables [7] - Applications span across consumer electronics, smart connectivity, communication base stations, AI servers, new energy, and healthcare [7] - Strategy focuses on stabilizing core business while pursuing new growth opportunities in line with technological trends [7]