艾为电子(688798) - 投资者关系活动汇总表（2024年12月20日)

Financial Performance - In the first three quarters of 2024, total expenses amounted to approximately 600 million, a year-on-year decrease of about 14% [2] - R&D expenses were approximately 390 million, down about 15.6% year-on-year, with R&D investment accounting for 16.4% of operating revenue [2] - Net profit attributable to shareholders for Q3 2024 was 86.43 million, achieving a turnaround from loss to profit, with a quarter-on-quarter growth of 55.27% [2] - For the first nine months of 2024, net profit attributable to shareholders was 177.91 million, also achieving a turnaround from loss to profit [2] Revenue Growth Factors - The company's operating revenue for the first three quarters of 2024 was approximately 2.366 billion, a year-on-year increase of about 32.71% [8] - Growth was driven by stable performance in consumer electronics, industrial interconnect, and automotive sectors, alongside continuous market share gains in new products and markets [8] - The gross profit margin for Q3 2024 was 32.92%, a year-on-year increase of 10.8 percentage points, marking four consecutive quarters of improvement [8] Product and Market Development - The company has a strong competitive advantage in high-performance mixed-signal chips, power management chips, and signal chain chips, with a comprehensive product series and technology accumulation [2] - The company is actively involved in the AR/AI market, providing high-performance audio solutions and mixed-signal chips that support various AR/AI devices [3] - The company maintains close cooperation with leading tech firms in the AR sector, anticipating significant growth in AR products integrated with AI [3] R&D and Talent Management - As of June 30, 2024, the company had 664 technical personnel, accounting for 74% of total employees, with an average of over ten years of experience [2] - The company emphasizes the cultivation of R&D and management talent, having established a stable and mature team [2] Inventory and Cost Management - As of Q3 2024, the inventory value was 609 million, down from 675 million at the beginning of the year, representing the lowest inventory level in recent years [8] - The company has implemented management reforms, including digitalization of R&D processes, leading to reduced labor and engineering development costs [2]