Hsino Tower (SH:601096)2024-11-27 10:17Financial Performance - In the first three quarters of 2024, the company achieved a revenue of 7.578 billion CNY, representing a year-on-year growth of 15.17% [1] - The net profit reached 1.79 billion CNY, with a significant year-on-year increase of 100.58% [1] - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was 1.43 billion CNY, reflecting a growth of 104.69% [1] Operational Strategies - The company has intensified market expansion efforts, contributing to a higher net profit growth rate compared to revenue growth [4] - Cost reduction initiatives are being implemented through optimized production processes and lower raw material procurement costs [4] Future Directions - The company plans to focus on enhancing market competitiveness and technological innovation, aiming to increase its market share in the ultra-high voltage power grid construction [4] - There is a commitment to accelerate international market expansion and improve overall production efficiency and management through smart manufacturing and information management [4] - The company is optimistic about future demand in the ultra-high voltage market, supported by national policies favoring renewable energy and smart grids [4]