3S(SH:605305)2024-04-18 07:37Financial Performance - In 2023, the company achieved a revenue of 1.105 billion CNY, representing a year-on-year increase of 38.17% [2] - The net profit for 2023 was 207 million CNY, up by 33.33% compared to the previous year [2] - The gross profit margin improved to 46.13%, an increase of 2.5 percentage points year-on-year [2] - Overseas revenue accounted for nearly 50% of total revenue, marking a 10 percentage point increase year-on-year [2] - Revenue from non-wind power business reached approximately 13 million CNY, growing over six times year-on-year [2] Product Expansion - The company is expanding its non-wind power product offerings, including: - Industrial and construction lifting equipment, such as industrial lifts and tower climbing machines [3] - Safety protection products, including smart helmets and fall protection systems [3] - Emergency rescue products, such as civilian high-altitude escape devices and associated fire blankets [3] - In 2023, around 70% of the revenue from non-wind power products came from overseas markets [3] Market Share - In the domestic market, the company's market share in the wind power industry is approximately 70% [3] - In the international market, the market share for the company's main products is around 30% [3] Revenue Composition - The revenue from new markets and existing markets is proportioned at 6:4 [3] Competitive Advantages - The company possesses several core competitive advantages: - R&D advantage with a technical team of about 300 people and over 600 authorized patents [3] - Qualification certification advantage with 153 global market access certifications [4] - Quality control advantage through strict quality management of self-developed and core components [4] - Delivery and after-sales service advantage with a strong localized global delivery capability [4]