Warom Incorporated(603855)2024-10-31 09:28Financial Performance - In the first three quarters of 2024, the company achieved revenue of 2.45 billion CNY, a year-on-year increase of 19.7% [4] - The net profit attributable to shareholders for the same period was 320 million CNY, up 6.6% year-on-year; the non-recurring net profit was 300 million CNY, an increase of 3.0% [4] - In Q3 alone, revenue reached 1.048 billion CNY, representing a 43.6% year-on-year growth, with a net profit of 121 million CNY, up 14.1% [4] Segment Performance - The explosion-proof segment generated approximately 1.8 billion CNY in revenue in the first three quarters, showing a slight decline [5] - The engineering segment's new energy EPC business reported revenue of 442 million CNY with a gross margin of 19.7% [5] - The professional lighting segment saw revenue of 155 million CNY, down 9.3% year-on-year, with a gross margin decrease of 0.7 percentage points [5] Market Insights - The nuclear power sector experienced over 20% growth in the first three quarters, driven by earlier project wins [5] - The intelligent safety business achieved over 50% growth in Q3, with total revenue of 160 million CNY [5] - The company is expanding its foreign trade operations, with a successful establishment in Saudi Arabia and plans for further expansion in Europe, Southeast Asia, and South America [6] Future Outlook - The company anticipates continued growth in the intelligent safety sector, leveraging its integrated system capabilities to meet diverse customer needs [6] - Despite challenges in traditional oil and gas sectors, the company expects a narrowing decline in domestic explosion-proof performance [6] - The new energy EPC business is projected to contribute positively to overall performance in the latter half of the year [6]