Create Century(SZ:300083)2023-10-30 01:41Group 1: Financial Performance - In the first three quarters of 2023, the company achieved operating revenue of 2.786 billion CNY and a net profit attributable to shareholders of 162 million CNY [3] - The revenue from the 3C business declined significantly due to a sluggish consumer electronics market, contributing to the overall performance drop [3] - The company's expense ratio for the first three quarters was 12.67%, a decrease of 3.25% compared to the previous period [3] Group 2: Market Segmentation - In the first three quarters of 2023, the revenue breakdown was approximately 40% from 3C, 45% from general products, and 15% from new energy [4] - The company reported a significant increase in sales of products such as horizontal lathes and five-axis machining centers, while some products experienced a decline due to market conditions [4][5] Group 3: Strategic Initiatives - The company has focused on cost control and product upgrades to stabilize operations amidst economic challenges [3] - Continuous investment in R&D amounted to 87 million CNY in the first three quarters, with R&D expenditure accounting for 3.12% of revenue, an increase of 0.91% year-on-year [3] - The company is actively expanding its overseas market presence, achieving an approximately 80% increase in overseas revenue compared to the same period last year [4] Group 4: Future Outlook - The company aims to enhance its core competitiveness through ongoing R&D and product diversification, while also pursuing internationalization [5] - The long-term outlook for the CNC machine tool industry remains positive, with the company focusing on technological advancements and domestic component production [5]