LONGLI(SZ:300752)2023-11-09 10:37Financial Performance - Q3 2023 revenue reached 315 million yuan, a year-on-year increase of 2.03% and a quarter-on-quarter increase of 29.43% [2] - Q3 2023 net profit was 12.7277 million yuan, a year-on-year increase of 143.41% and a quarter-on-quarter increase of 766.71% [2] - Cumulative net profit for the first three quarters of 2023 was 1.0572 million yuan, achieving a turnaround since 2021 with a year-on-year increase of 102.22% [2] Industry and Market Trends - The consumer electronics market is gradually recovering, driven by national economic policies and new product releases from major smartphone brands [2] - The industry is expected to enter a recovery cycle as terminal demand accelerates [2] Operational Improvements - The company has implemented lean production management and cost reduction measures, improving operational efficiency [2] - Capacity utilization has shown a gradual upward trend in the first three quarters of 2023, with further improvements expected as consumer demand recovers [2] Product and Market Strategy - The company is leveraging its first-mover advantage in Mini-LED technology to optimize product structure and expand market presence [2] - Efforts are being made to strengthen vertical and horizontal industry deployment [2] Automotive Business - The company's automotive backlight module products have gained recognition from well-known domestic and international automakers [2] - Collaborations have been established with major Tier 1 suppliers and module manufacturers, including Bosch, Continental, and Faurecia [2] - Products are gradually being adopted by brands such as BYD, NIO, Li Auto, and Toyota [2] - Future plans include intensifying market development and exploring deeper cooperation opportunities with automotive clients [2]