Megmeet(SZ:002851)2023-10-31 13:26Financial Performance - In Q3 2023, the company achieved operating revenue of 1.59 billion CNY, a year-on-year increase of 24.10% [3] - The net profit attributable to shareholders was 92.97 million CNY, up 16.18% year-on-year [3] - The net profit after deducting non-recurring gains and losses was 69.76 million CNY, reflecting a 15.52% increase compared to the previous year [3] - For the first three quarters of 2023, the company reported operating revenue of 4.876 billion CNY, a rise of 22.34% year-on-year [4] - The net profit attributable to shareholders for the first three quarters was 482.66 million CNY, an increase of 58.57% year-on-year [4] - The net profit after deducting non-recurring gains and losses was 307.19 million CNY, up 30.59% year-on-year [4] Investor Relations Activities - The company engaged with 100 institutional investors during the investor relations activities [2] - The activities included analyst meetings, performance briefings, and roadshows [2] - Key participants included major securities firms and investment management companies [2][3] Business Insights - The company noted that Q3 is typically a low season for its consumer variable frequency appliances due to industry characteristics [4] - The power supply business showed steady growth, with significant increases in low-power display power and network power segments [4] - The company is optimistic about future growth in the new energy vehicle sector, having made strategic adjustments to its product offerings [5] - The smart home appliance segment saw strong growth, particularly in the Indian market, driven by the application of industrial technology to consumer products [5] Research and Development - The company maintains a high level of R&D investment, approximately 10% of sales revenue, to ensure long-term competitiveness [5] - R&D efforts are focused on various sectors, including power supply, industrial automation, and new energy vehicles [5] - The company aims to enhance its product technology and market position through sustained R&D efforts [5] Future Outlook - The company expects continued growth in its new energy vehicle business, supported by ongoing R&D and stable customer relationships [5] - Future investments will focus on building a self-sustaining ecosystem in the power electronics sector [6] - The company emphasizes the importance of maintaining high R&D expenditures to prepare for future market demands and technological advancements [5][6]