FORE(SZ:301368)2023-11-15 08:07Group 1: Financial Performance - The company's revenue for the reporting period in 2023 was 316.739 million CNY, a decrease of 9.56% compared to the same period last year [2] - In Q3 2023, revenue was 117 million CNY, an increase of 7.61% year-on-year [2] - The comprehensive gross profit margin for the reporting period was 100.1%, indicating a slight decline [2] - Net profit decreased by 30.33% due to increased expenses [2] Group 2: Expense Analysis - Sales expenses increased year-on-year due to higher frequency of sales personnel's business trips and exhibitions [2] - Management expenses rose by 61.44%, primarily due to the depreciation from a newly constructed factory [2] - Significant costs were incurred in Q3 for relocating equipment as the company adjusted its operations [2] Group 3: Research and Development - As of June 30, 2023, the company held 50 patents, including 11 invention patents [3] - R&D investment accounted for 3.62% of total revenue, showing a slight increase compared to the previous year [3] Group 4: Future Outlook - The company is focusing on new energy transmission gears, intelligent cockpit drives, and harmonic reducers for future projects [3] - Production lines for harmonic reducers are being established, with each line expected to produce approximately 35,000 units annually [3] - Anticipated growth in existing business sectors such as smart home, medical, and electric tools [3] Group 5: Market Risks - The company cautioned that discussions regarding future development and targets do not constitute substantial commitments, urging investors to maintain awareness of associated risks [3]