Xianheng International(605056)2024-11-28 08:44Financial Performance - The net profit attributable to shareholders for the first three quarters increased by 58.81% year-on-year [3] - The third quarter marked the first year-on-year growth in net profit since Q4 2022, driven by revenue growth from new business areas and strict cost control measures [3] Revenue and Cost Management - The company has expanded its revenue through successful entry into new fields and strict cost management practices [3] - Future strategies include deepening engagement in the power grid sector and capitalizing on centralized procurement trends among state-owned enterprises [3] Gross Margin Improvement - The company aims to enhance gross margin by focusing on R&D of proprietary products, which include hydraulic tools and mini lifting machinery [4] - Plans to increase the share of non-standard products in e-commerce and improve bargaining power through increased procurement volume are in place [4] Supply Chain and Inventory Management - The company is advancing its digital transformation to support large-scale development in supply chain management [4] - Aiming for a "high-efficiency response, quick fulfillment" strategy, the company is building a comprehensive MRO (Maintenance, Repair, and Operations) service platform [4] Market Expansion - The company has secured contracts with major state-owned enterprises, contributing to market share growth and revenue increase [5] - New market developments are expected to enhance profitability in strategic sectors such as power generation and oil and gas [5] Product Quality and Customer Service - Continuous upgrades to proprietary products and improvements in after-sales service are being implemented to enhance customer satisfaction and market share [5] - The company is focusing on understanding customer needs and reducing feedback response times to increase customer loyalty [5]