Investment Rating - The report does not provide a specific investment rating for the company [2]. Core Insights - The company, Naconor (832522.BJ), reported a revenue of 854 million yuan for Q3 2024, representing a year-on-year increase of 19.58%. The net profit attributable to shareholders was 151 million yuan, up 29.96% year-on-year, and the net profit after deducting non-recurring gains and losses was 145 million yuan, reflecting a 31.97% increase year-on-year [4]. - The company has maintained high revenue growth with an improving gross margin. In Q3 alone, the revenue reached 288 million yuan, a year-on-year increase of 18.33%, with a gross margin of 30.48%, which is an increase of 3.79 percentage points year-on-year and 5.01 percentage points quarter-on-quarter [4]. - The company is actively engaged in the research and development of advanced dry electrode production equipment, having recently obtained new patents and established a strategic cooperation framework with the Sichuan New Energy Vehicle Innovation Center [15]. Financial Performance Summary - For the fiscal years 2020 to 2023, the company showed significant revenue growth, with total revenue increasing from 88 million yuan in 2020 to 946 million yuan in 2023, reflecting a compound annual growth rate (CAGR) of approximately 200% [5]. - The net profit attributable to shareholders improved from a loss of 28 million yuan in 2020 to a profit of 124 million yuan in 2023, indicating a strong recovery and growth trajectory [5]. - The gross margin has also improved from 12.5% in 2020 to 25.2% in 2023, showcasing enhanced operational efficiency [5].
纳科诺尔：营收保持高增长，带动业绩大幅上升