NINGBO FUDA(600724)2024-12-06 10:21Group 1: Financial Performance - Ningbo Fuda's gross profit margin reached 24.26% in Q3 2024, an increase of 81.6% year-on-year [2][3] - As of the end of Q3 2024, accounts receivable increased by 50.76% year-on-year, with accounts receivable to profit ratio at 191.72% [3] Group 2: Accounts Receivable Management - By the end of Q3 2024, accounts receivable amounted to 254 million CNY, a decrease of 24% from the beginning of the year and a reduction of 39.8% compared to Q3 2023 [3] - The company has implemented differentiated credit policies and strict collection procedures to strengthen accounts receivable management [3] Group 3: Strategic Development - The company is focusing on strategic emerging industries such as new infrastructure, new energy, and new manufacturing for future development [4] - There are no undisclosed significant matters regarding mergers and acquisitions, as the company is carefully considering various factors in its strategic planning [4]