digihuman(835670) 兴业证券·2024-12-18 01:51Investment Rating - The report does not provide a specific investment rating for the company [3]. Core Insights - The company reported a significant decline in revenue and net profit for the first three quarters of 2024, with revenue of 28.46 million yuan, down 58.07% year-on-year, and a net loss of 7.37 million yuan, down 156.59% year-on-year [1][3]. - The gross margin for the first nine months of 2024 was 69.36%, an increase of 0.74 percentage points year-on-year, while the net margin was -25.90%, a decrease of 45.09 percentage points year-on-year [1]. - The company continues to invest heavily in research and development, with a research and development expense ratio of 58.43%, up 34.68 percentage points year-on-year [1]. Financial Performance Summary - For Q3 2024, the company achieved revenue of 16.61 million yuan, a decrease of 66.56% year-on-year, and a net loss of 1.27 million yuan, down 106.37% year-on-year [3][4]. - The gross margin for Q3 2024 was 70.16%, a decrease of 0.55 percentage points year-on-year, while the net margin was -7.67%, a decrease of 47.96 percentage points year-on-year [4]. - The company’s total assets were reported at 261.95 million yuan, with net assets of 238.20 million yuan [1].