Qijing Machinery(603677)2024-12-12 08:17Group 1: Business Expansion and Strategy - The company is actively promoting existing businesses in home appliance parts, automotive parts, and power tool parts while exploring new businesses and products centered around precision manufacturing capabilities [2] - The company is deepening cooperation with existing customers and expanding into new customer segments and businesses, including industrial robot components and industrial sensor components [2][5] - The company is closely monitoring market trends and seeking new investment directions that align with its business strategy, although no actual progress has been made yet [2] Group 2: Overseas Operations - The company's overseas operations are primarily focused in Thailand, where it has one self-built factory and one leased factory, mainly supplying automotive parts to North American customers [3] Group 3: Sales and Revenue - The company's export revenue has accounted for approximately one-third of total revenue in recent years [4] - Domestic sales revenue from home appliance parts has seen significant growth in the first nine months of 2024, driven by national policies aimed at expanding domestic demand and promoting appliance upgrades [5] Group 4: Financial Performance - Despite revenue growth in the third quarter, the company's profit has declined due to intensified market competition and reduced profitability, as well as lower foreign exchange gains [6]