联赢激光(688518) - 2024年11月1日投资者关系活动记录表

Financial Performance - The company's revenue for the first three quarters of 2024 was 2.2 billion yuan, a decrease of 13.88% year-on-year [1] - Net profit for the same period was 437 million yuan, with a net profit margin of 4.30% [2] - Gross margin for the first three quarters was 31.60%, with a notable improvement in the third quarter to 33.55% [1][2] - The company's cash flow from operations was -332 million yuan for the first three quarters, showing a slight improvement compared to -370 million yuan in the first half of the year [2] Order and Market Trends - New orders signed from January to September 2024 totaled 2.2 billion yuan, with non-lithium battery orders accounting for 39% [2] - The proportion of non-lithium battery revenue reached 25% in the first three quarters, up from 14% the previous year [1] - The company expects the proportion of non-lithium battery orders to continue to increase in the fourth quarter [1] Inventory and Supply Chain Management - As of the end of the third quarter, inventory was 2.164 billion yuan, a decrease of 12.98% from the end of the previous year [1] - Contract liabilities were 1.47 billion yuan, down 11.58% year-on-year, attributed to a reduction in new orders compared to the previous year [1] Profitability Outlook - The company anticipates further improvement in net profit margin due to an increase in the proportion of non-lithium battery orders and the gradual digestion of low-margin lithium battery orders [3] - The gross margin is expected to continue improving, with the third quarter showing a significant increase compared to earlier quarters [3] Government Subsidies - Government subsidies received in the first three quarters amounted to approximately 88 million yuan, with an expected total of around 110 million yuan for the year [3]