FULIN. PM(300432)2024-10-30 14:44Financial Performance - In the first three quarters of 2024, the company achieved a revenue of CNY 5.883 billion, representing a year-on-year growth of 40.80% [3] - The net profit attributable to shareholders was CNY 311 million, with a significant increase of 177.26% year-on-year [3] - In Q3 2024, revenue reached CNY 2.288 billion, up 23.26% year-on-year and 8.99% quarter-on-quarter [3] Business Segments - The automotive parts segment generated CNY 2.547 billion in revenue, with over 60% coming from new energy vehicle components [4] - Revenue from lithium iron phosphate materials reached CNY 3.336 billion, marking a 56.49% increase year-on-year [3] - The company’s lithium iron phosphate business achieved a sales volume of 35,600 tons in Q3 2024, focusing on high-density products for the fast-charging market [4] Market Trends and Drivers - The growth in new energy vehicle components is driven by increasing market share and demand for intelligent thermal management systems and electric drive systems [3] - The company’s lithium iron phosphate products are gaining traction due to their superior technical performance and differentiation in the market [5] - The company is actively expanding its overseas market presence while enhancing its technological and cost advantages [7] Future Outlook - The company anticipates continued growth in the automotive parts segment, particularly in new energy vehicle components, as production capacity is expected to increase [6] - The fourth quarter is projected to be a peak season for automotive parts, with significant contributions expected from new product deliveries [8] - The company plans to enhance its production capacity for lithium iron phosphate materials, aiming for a total capacity of 215,000 tons by the end of the year [5]