Wave Cyber (Shanghai) (SH:688718)2023-11-30 10:40Group 1: Financial Performance - In Q3 2023, the company reported revenue of 96.64 million CNY, with a net profit attributable to shareholders of 15.06 million CNY, marking a year-on-year revenue growth of 23.20% and a net profit increase of 69.45% [2] - From the beginning of the year to the reporting period, total revenue reached 288.12 million CNY, with a net profit attributable to shareholders of 37.97 million CNY, reflecting strong order growth and economies of scale [2] Group 2: Strategic Developments - The establishment of Qinghai Weisaibo on August 30, 2022, aims to provide efficient, convenient, environmentally friendly, and low-cost lithium extraction solutions for salt lake owners, contributing to the comprehensive utilization of salt lake resources in China [3] - The company is currently working on a project to build an annual production capacity of 300,000 composite material pressure tanks and 20,000 membrane element pressure vessels, which has faced delays due to project approval processes but is expected to be completed and operational by December 2023 [3] Group 3: Market Outlook - The company anticipates stable overall performance in Q4, driven by improved macroeconomic conditions, increased market demand, and strengthened internal competitiveness [3] - As a leading domestic supplier of high-performance membrane products, the company is positioned to replace imports while also capitalizing on rapid growth in new application areas [3]