SONAVOX(688533)2024-12-04 10:24Company Overview - Suzhou Shangsheng Electronics Co., Ltd. is a leading supplier of automotive acoustic products in China, focusing on enhancing driving experiences through acoustic technology [1][2]. - The company has integrated into the development systems of numerous well-known automotive manufacturers both domestically and internationally [1]. Market Position - The company's market share for automotive speakers in the global passenger and light commercial vehicle market is 13.11%, holding the top position in the domestic market [2]. - The company has maintained rapid revenue and profit growth by seizing opportunities in both traditional overseas markets and the fast-growing domestic new energy vehicle sector [2]. Financial Performance - In Q3 2024, the company achieved operating revenue of 755.83 million yuan, a year-on-year increase of 20.09% [2]. - The net profit attributable to shareholders was 78.06 million yuan, representing a significant increase of 116.88% compared to the same period last year [2]. - The net profit after deducting non-recurring gains and losses was 58.82 million yuan, up 70.77% year-on-year [2]. Investor Relations and Communication - The company is committed to enhancing its operational management and core competitiveness to achieve sustainable development and provide returns to investors [3]. - A new public opinion management system was released on November 13, 2024, focusing on improving the clarity of information disclosure and reducing the reading difficulty for investors [3]. - The company actively engages with investors through various channels, including performance briefings, interactive platforms, and roadshows [3]. Research and Development - The company encourages innovation among research personnel through a stock incentive system and provides career development paths, training, and adequate funding for research projects [4]. - The R&D focus includes breakthroughs in new material applications, structural design, manufacturing processes, and the self-manufacturing of key components, aiming to build technological barriers in the automotive acoustic field [4].