InHand Networks(688080)2023-10-30 01:04Financial Performance - In Q3 2023, the company achieved operating revenue of 11,543.49 million yuan, representing a year-on-year growth of 33.50% [1] - The net profit attributable to shareholders was 2,233.14 million yuan, with a year-on-year increase of 80.66% [1] - As of the end of September 2023, the company reported total operating revenue of 35,201.77 million yuan, reflecting a year-on-year growth of 23.33% [2] Product Revenue Structure - The revenue structure of various product lines remained stable compared to the first half of the year, with industrial IoT communication products holding the highest revenue share [2] - The fastest revenue growth was observed in the smart distribution network status monitoring system, approximately 40%, while industrial IoT communication products and technical services both exceeded 20% growth [2] Key Products and Innovations - The smart distribution network status monitoring system (IWOS) utilizes advanced technology for fault detection and monitoring, achieving over 90% accuracy [3] - The IWOS product has a market share of approximately 30%-40% domestically and has been piloted in nearly 20 countries overseas [3] - The company is actively expanding its industrial Ethernet switch market, leveraging its established customer base and brand recognition [4] International Market Performance - The overseas sales revenue accounted for approximately 30% of total revenue, with a year-on-year growth of about 15% [4] - The company aims to enhance its market presence in overseas industrial IoT communication products and smart distribution network monitoring systems [4]