NOVA TECH(SZ:300921)2024-12-09 09:02Group 1: Financial Performance - The company's revenue for 2021 was 494.04 million CNY, a year-on-year increase of 16.50% [3] - In 2022, revenue decreased to 567.30 million CNY, down 1.64% year-on-year [3] - Revenue for 2023 reached 603.71 million CNY, reflecting a year-on-year increase of 6.42% [3] - For the first three quarters of 2024, revenue was 446.22 million CNY, up 3.98% year-on-year [3] Group 2: Profitability and Costs - The decline in net profit is attributed to rising operating costs and expenses [3] - Digital engineering revenue has increased significantly, but its high costs result in low gross margins [3] - The company has established network nodes in 13 countries and regions overseas, which has led to increased costs without immediate revenue generation [3] Group 3: Research and Development - R&D expenses for 2021 were 52.44 million CNY, up 57.45% year-on-year [6] - In 2022, R&D expenses were 55.55 million CNY, an increase of 5.94% [6] - R&D expenses for 2023 reached 58.07 million CNY, up 4.52% [6] - For the first three quarters of 2024, R&D expenses were 45.80 million CNY, a year-on-year increase of 1.84% [6] Group 4: International Expansion - The company aims to build a robust SASE service network globally, optimizing overseas infrastructure and service capabilities [5] - As of the end of 2023, the company has established network nodes in 13 countries and partnered with 66 overseas operators [5] - The company has set up subsidiaries or offices in regions like Hong Kong, Taiwan, Singapore, Japan, and the UK, obtaining necessary telecom operation licenses [5] Group 5: Future Outlook - The company plans to focus on digital transformation needs, providing secure and integrated cloud network services [3] - It aims to enhance its market position by leveraging innovative network technologies and expanding its service nodes [8] - The company is optimistic about the network security sector's growth, emphasizing the integration of cloud, network, and security services [8]