欧陆通(300870) - 2022年12月21日投资者关系活动记录表

Group 1: Financial Performance - Revenue for the first three quarters reached 1.977 billion CNY, a year-on-year increase of 6.94% [2] - Third quarter revenue was 616 million CNY, with high growth in mid-to-high-end power product sales [2] - Gross margin for the first three quarters was 16.04%, an increase of 0.09 percentage points year-on-year [2] - Third quarter gross margin was 18.68%, up 3.66 percentage points year-on-year and 2.78 percentage points quarter-on-quarter [3] - Net profit for the first three quarters was 40.43 million CNY, with a net profit margin of 2.04% [3] - Third quarter net profit was 35.14 million CNY, a year-on-year increase of 5.56% and a quarter-on-quarter increase of 1.23% [3] Group 2: Expenses and Investments - Total expenses for the first three quarters amounted to 274 million CNY, with an expense ratio of 13.85%, an increase of 3.75 percentage points year-on-year [3] - R&D expenses for the first three quarters totaled 142 million CNY, with an R&D expense ratio of 7.17%, an increase of 2.62 percentage points year-on-year [4] - EBITDA was 155 million CNY, a year-on-year decrease of 0.81% due to increased depreciation and amortization from strategic investments [3] Group 3: Market and Product Insights - The company has seen significant growth in its server power supply business, which has become the second-largest revenue contributor [4] - The gross margin for the server power supply business in the first half of the year was 17.99%, up 3.15 percentage points year-on-year [4] - Domestic suppliers account for most of the company's raw materials, with a focus on local sourcing for power adapter products [4] - The company aims to achieve performance growth targets set for 2022-2024 as part of its equity incentive plan [4] Group 4: Sales Distribution - Domestic sales for the first half of the year were 630 million CNY, accounting for 46.27% of total sales; overseas sales were 732 million CNY, accounting for 53.73% [4]