WEIGUANG(SZ:002801)2023-11-09 10:37Financial Performance - In the first three quarters of 2023, the company achieved operating revenue of 95,418.06 million yuan, a year-on-year increase of 2.29% [2] - Servo motor sales revenue reached 6,429.40 million yuan, up 51.43% year-on-year [2] - Outer rotor fan sales revenue was 45,026.32 million yuan, increasing by 11.35% year-on-year [2] - Sales revenue from cold cabinet motors was 23,363.71 million yuan, down 11.69% year-on-year [2] - ECM motor sales revenue was 17,414.48 million yuan, a decrease of 9.48% year-on-year [2] - Net profit attributable to shareholders was 21,831.89 million yuan, down 12.28% year-on-year [2] - Net profit excluding non-recurring gains and losses was 21,952.14 million yuan, a decline of 3.66% year-on-year [2] Order Situation - Domestic sales revenue increased by 12.72% year-on-year, while overseas sales revenue decreased by 5.40%, resulting in a combined growth of 2.29% [2] - Orders received since October have shown a year-on-year and month-on-month increase [2] ECM Motor Development - ECM motor sales revenue declined by 9.48% year-on-year due to decreased demand, intensified market competition, and price reductions [2] - Inner rotor ECM motor sales fell by 29.29%, while outer rotor ECM motor sales grew by 25.07% [2] - The decline in inner rotor ECM motor sales is linked to slow product launches and some order losses, but recovery is underway [2] Profit Decline Reasons - The decline in profit for the third quarter of 2023 was attributed to overdue fair value loss provisions, increased sales and R&D expenses, and decreased investment income [2] Future Strategy - The company plans to adapt its decisions based on market changes, balancing gross margin and market share focus depending on the situation [2]