Investment Rating - The report does not provide a specific investment rating for the company [7] Core Insights - The company achieved a revenue of 446.61 million yuan in Q1-Q3 2024, representing a year-on-year increase of 32.67%. The net profit attributable to shareholders was 67.48 million yuan, up by 5.20% year-on-year, while the net profit excluding non-recurring items was 61.83 million yuan, an increase of 1.05% year-on-year. The gross margin was 35.16%, down by 4.55 percentage points year-on-year, and the net profit margin was 15.11%, down by 3.92 percentage points year-on-year [1] - In Q3 2024, the company reported a revenue of 162.64 million yuan, a year-on-year increase of 33.57%. However, the net profit attributable to shareholders decreased by 9.15% year-on-year to 20.67 million yuan, and the net profit excluding non-recurring items was 20.24 million yuan, down by 3.77% year-on-year. The gross margin for this quarter was 34.40%, down by 5.92 percentage points year-on-year, and the net profit margin was 12.71%, down by 5.95 percentage points year-on-year [1] Financial Performance - The company reported a total revenue of 467.08 million yuan for the year 2023, with a year-on-year growth of 23.58%. The net profit attributable to shareholders was 76.98 million yuan, reflecting a year-on-year increase of 45.32%. The gross margin for 2023 was 38%, and the return on equity (ROE) was 8.53% [4] - The company has a total asset turnover ratio of 0.40, which shows a slight improvement compared to the previous year. The net operating cash flow for the period was 58.21 million yuan, representing a year-on-year increase of 1.28% [8] Market Data - As of December 4, 2024, the company's closing price was 28.50 yuan, with a total share capital of 141.15 million shares. The net assets amounted to 976.33 million yuan, and the total assets were 1,131.82 million yuan. The net asset per share was 6.92 yuan [2]
奥迪威：需求订单增加，前三季度营收稳健增长