Kewell(688551)2024-11-01 09:52Group 1: Financial Performance Overview - In the first three quarters of 2024, the company achieved operating revenue of 377.2392 million yuan, a year-on-year increase of 6.26% [1] - The net profit attributable to shareholders was 51.6441 million yuan, a year-on-year decrease of 31.45% [1] - The net profit after deducting non-recurring gains and losses was 45.1586 million yuan, a year-on-year decrease of 32.61% [1] - In Q3 2024, operating revenue was 123.2505 million yuan, a year-on-year decrease of 8.82% [2] - The net profit attributable to shareholders in Q3 was 9.7902 million yuan, a year-on-year decrease of 61.10% [1] - The net profit after deducting non-recurring gains and losses in Q3 was 7.0963 million yuan, a year-on-year decrease of 68.08% [1] Group 2: Business Segment Performance - The testing power segment accounted for approximately 75% of total revenue, while the hydrogen energy testing segment accounted for around 20% [2] - The power semiconductor testing segment contributed about 3% to total revenue [2] - New orders signed in 2024 showed a growth of 20% to 30% compared to the same period last year, although the order amount growth was limited due to price reductions [2] Group 3: Strategic Outlook and Challenges - The company plans to focus on its main business areas, enhance product updates, and improve core competitiveness to adapt to market changes [3] - The company remains optimistic about future market demand recovery despite current industry challenges [3] - The hydrogen energy segment's electrolyzer testing systems accounted for around 60%, while fuel cell business saw a decline compared to previous years [2] - The company is facing challenges in expanding its small power product distribution due to overall market conditions [2]