Senior(300568)2023-10-30 13:20Financial Performance - In the first three quarters of the year, the company achieved operating revenue of 2.211 billion CNY, a year-on-year increase of 5.64% [2] - The net profit attributable to shareholders was 668 million CNY, up 13.56% year-on-year [2] - In Q3 alone, the operating revenue reached 854 million CNY, representing a growth of 12.61% compared to the same period last year [2] - The net profit for Q3 was 289 million CNY, with a year-on-year increase of 31.32% [2] - The gross profit margin for Q3 stood at 47.9% [2] Capacity Expansion and Efficiency Improvement - The company is actively advancing global capacity construction, with new production bases being established in locations such as Nantong, Foshan, Sweden, and Malaysia [2] - The fifth-generation super wet process line has been launched, with a single-line capacity of 250 million square meters, more than doubling the capacity of the previous generation [3] - The company has upgraded its production equipment to the fifth generation, enhancing automation and intelligence, and has introduced a smart manufacturing system [3] Research and Development - R&D investment in the first half of the year was 114 million CNY, a year-on-year increase of 59.64%, with Q3 R&D expenses reaching 176 million CNY, up 47.90% [3] - The company has developed a cross-linked diaphragm with a membrane rupture temperature exceeding 240°C and is exploring new areas such as water treatment membranes and hydrogen energy membranes [2] - The company has received over 80,000 patents from LG Chem, ensuring the security of its intellectual property for future development [3] Talent Incentives - A new stock incentive plan has been implemented to motivate directors, executives, and core employees, linking their interests with those of shareholders [2] - The performance assessment for the incentive plan is based on net profit growth, with targets set at no less than 35% for 2024 and 75% for 2025 [2] Market Strategy - The company is focused on maintaining its competitive edge through continuous innovation and responsiveness to market demands [3] - Collaboration with equipment suppliers for the development of production lines ensures that the company can meet future expansion needs while maintaining a competitive advantage [3]