Bluetrum(688332)2023-11-01 10:46Financial Performance - Q3 2023 revenue reached 396 million yuan, a year-on-year increase of 69.11% [3] - Q3 2023 net profit reached 84.89 million yuan, a year-on-year increase of 242.42% [3] - Q1-Q3 2023 revenue reached 1.05 billion yuan, a year-on-year increase of 35.19% [3] - Q1-Q3 2023 net profit reached 197 million yuan, a year-on-year increase of 66.97% [3] Product and Market Development - Xunlong series accounted for a significant portion of main business revenue in Q3 2023 [3] - The company has expanded its product line to include smart wearable chips, wireless microphone chips, digital audio chips, IoT chips, and voice recognition chips [4] - The company is actively developing toy voice chips and exploring new markets in IoT and AIoT [4] - Overseas market shipments accounted for 60-70% of total shipments in Q1-Q3 2023 [4] Research and Development - R&D expenses for Q1-Q3 2023 totaled 114 million yuan, a year-on-year increase of 84.28% [5] - The company is increasing its R&D workforce and material investments to support technological advancements [5] Supply Chain and Inventory Management - The company has increased its inventory to prepare for the traditional sales peak in Q3 and Q4 [4] - The company maintains a stable supply chain with long-term partnerships with upstream suppliers [3] Customer and Market Strategy - The company primarily serves domestic clients, with end products sold globally [4] - Brand clients account for over 10% of the customer base, while white-label clients make up over 80% [4] - The company has entered the supply chains of major brands such as Xiaomi, Realme, and Philips [3]