Inovance(300124)2024-10-18 11:09Revenue Projections - The company expects revenue for the first three quarters of 2024 to be between 2,414,544.49 and 2,615,756.53 million CNY, representing a year-on-year growth of 20% to 30% compared to 2,012,120.41 million CNY in the same period last year[3]. - In Q3 2024, revenue is anticipated to be between 882,086.32 and 958,789.48 million CNY, showing a year-on-year increase of 15% to 25% from 767,031.58 million CNY[3]. Profit Projections - The net profit attributable to shareholders is projected to be between 318,659.29 and 351,852.97 million CNY, reflecting a year-on-year change of -4% to 6% from 331,936.76 million CNY[3]. - The net profit after deducting non-recurring gains and losses is expected to be between 304,617.98 and 319,848.88 million CNY, with a year-on-year growth of 0% to 5% compared to 304,617.98 million CNY last year[3]. - The net profit attributable to shareholders for Q3 is projected to be between 118,032.20 and 130,456.64 million CNY, with a year-on-year change of -5% to 5% from 124,244.42 million CNY[3]. Financial Performance Factors - The company reported a decline in overall gross margin due to changes in product revenue structure and intensified market competition[4]. - The company experienced a decrease in fair value changes and investment income, primarily due to a decline in the fair value of equity investments[4]. - The company reported an increase in asset disposal income due to gains from the relocation of subsidiaries[5]. - The company anticipates an increase in income tax expenses due to the expiration of tax incentives for certain subsidiaries in the previous year[5]. Investment and Expense Management - The company is increasing investments in internationalization, energy management, and digitalization while controlling overall expenses, with R&D, sales, and management expenses growing slower than revenue[4].