SHAREATE(SH:688257)2023-11-03 10:24Financial Performance - The company's revenue for the first three quarters of 2023 was 115,865.43 million yuan, representing a year-on-year growth of 31.76% [2] - The net profit attributable to shareholders was 12,730.72 million yuan, with a year-on-year increase of 15.73% [2] - The net profit after deducting non-recurring gains and losses was 10,850.73 million yuan, showing a growth of 30.98% year-on-year [2] Export and Logistics - The company primarily uses FOB shipping for exports, covering transportation costs to the export port, while customers bear the sea freight costs [3] - The company maintains inventory reserves overseas to ensure timely supply for international sales [3] Share Buyback - As of October 31, 2023, the company has repurchased 895,270 shares, accounting for 0.69% of the total share capital of 129,920,000 shares, with a total transaction amount of 23,340,014.73 yuan [3] Product Information - The main types of hard alloy cutting tools include solid carbide tools and carbide inserts, produced through different manufacturing processes [3] - The company has overseas subsidiaries in countries like Australia, the USA, Canada, and South Korea, employing local professionals to enhance service efficiency [3] Acquisitions and Strategic Development - The acquisition of Guizhou Huifengzhongyi Machinery Manufacturing Co., Ltd. aligns with the company's strategic development and enhances operational synergy [4] - Post-acquisition, Huifengzhongyi has shown strong revenue and profit growth, particularly in international sales [4] Accounts Receivable Management - The increase in accounts receivable is reasonable, with over 90% of the total being within one year, indicating no significant risk of bad debts [4]