sunresin(300487)2024-10-24 14:42Financial Performance - The company achieved a revenue of 1.892 billion CNY in the first three quarters of 2024, representing a year-on-year growth of 19.99% [1] - The net profit attributable to shareholders reached 192 million CNY, with a year-on-year increase of 15.10% [1] - In Q3 2024, the revenue was 597 million CNY, showing a growth of 4.93%, while the net profit was 192 million CNY, up by 11.71% [1] - The operating cash flow for the first three quarters was 447 million CNY, and the debt-to-asset ratio stood at 35.19%, indicating a stable financial condition [1] Revenue Breakdown - Revenue from adsorption separation materials was 1.460 billion CNY, accounting for 77.24% of total revenue [2] - Revenue from system devices was 366 million CNY, representing 19.36% of total revenue [2] - The proportion of revenue from adsorption separation materials has been steadily increasing, supported by robust business development and customer loyalty [2] International Business Development - The company reported overseas revenue of 490 million CNY in the first three quarters of 2024, marking a significant year-on-year growth of 48% [2] - Internationalization is viewed as a key sustainable competitive advantage, with a focus on high-quality products and reliable supply cycles [2] Product Development and Market Expansion - The company has made progress in the ultra-pure water sector, with electronic-grade resin meeting stringent requirements for chip manufacturing [2] - Collaborations with photovoltaic, panel, and semiconductor companies are underway to enhance market share through resin replacement initiatives [2]