Shenzhen Honor Electronic (300870)2023-10-26 10:21Financial Performance - The company's revenue for the first three quarters of 2023 was 2.066 billion CNY, a year-on-year increase of 4.46% [2] - In Q3 2023, revenue reached 770 million CNY, showing a year-on-year growth of 25.05% [2] - The gross profit margin for Q3 was 19.53%, an increase of 3.49 percentage points year-on-year [2] - The total expenses for the first three quarters were 341 million CNY, with an expense ratio of 16.49%, up by 2.64 percentage points year-on-year [3] - Net profit for the first three quarters was 41.65 million CNY, a year-on-year increase of 3.00%, with a net profit margin of 2.02% [3] - In Q3, net profit was 34.57 million CNY, with a net profit margin of 4.49% [3] R&D Investment - R&D expenses for the first three quarters amounted to 172 million CNY, a year-on-year increase of 20.98%, with an R&D expense ratio of 8.31% [3] - In Q3, R&D expenses were 59.89 million CNY, reflecting a year-on-year growth of 16.02%, with an R&D expense ratio of 7.77% [3] Server Power Supply Business - The server power supply segment is a key long-term development strategy, with ongoing R&D investments to meet customer needs [4] - The company offers a range of server power supply products, including high-power models, with significant applications in data centers and AI servers [4] - In H1 2023, server power supply revenue reached 280 million CNY, a year-on-year increase of 20.21% [4] - In Q2, high-power server power supply revenue accounted for approximately 17% of the server power supply business [4] Market Expansion - The company is actively expanding its overseas market presence, establishing sales teams in Taiwan and the USA [4] - It has successfully connected with several leading enterprises in North America [4] Convertible Bond Progress - The application for the issuance of convertible bonds was accepted on August 2, 2023, with ongoing orderly progress [5]