TKD(603738)2024-11-04 07:34Financial Performance - The company achieved a revenue of 618 million CNY in the first three quarters, representing a year-on-year growth of 3.69% [1] - The net profit attributable to the parent company for the same period was 84.42 million CNY, with a year-on-year increase of 12.25% [2] - In Q3, the revenue reached 224 million CNY, showing a year-on-year increase of 6.82% and a quarter-on-quarter increase of 6.39% [2] Product Performance - The growth in revenue was primarily driven by an increase in sales, particularly in automotive-grade products, which saw the highest growth rate [1] - The TCXO series products showed significant sales growth, contributing to the overall revenue increase [2] - The company maintained a focus on a full product line strategy, with notable sales growth in automotive-grade series and small-sized products [2] Inventory and Cost Management - As of Q3 2024, the company's inventory stood at 224 million CNY, with raw materials accounting for approximately 60% [3] - The company has effectively managed its inventory levels, with finished goods accounting for less than 10% [3] - The increase in raw materials was primarily due to the accumulation of precious metals, helping to mitigate cost increases [3] Strategic Development - The company aims to optimize market ecology and enhance high-end applications, focusing on small-sized, ultra-high frequency, and high-stability quartz crystal frequency components [4] - In 2024, the company was recognized as a national manufacturing single champion, indicating its strong technological capabilities and innovation [4] - The company is actively collaborating with leading chip manufacturers to meet the demands of emerging markets and high-value sectors [4] Future Outlook - The company plans to leverage its full product line and technological advantages to penetrate larger customer shares [5] - There is a strong focus on AI applications in IoT, smartphones, and PCs, which are expected to drive demand for high-end components [5] - The company is optimistic about the recovery of the industry and anticipates continued growth in Q4 and beyond, particularly in automotive electronics and communication sectors [6]