Genew(688418)2024-12-13 07:35Financial Performance - In the first three quarters of 2024, the company achieved a revenue of 577 million CNY, representing an increase of 11.43% compared to the same period last year [2] - The net profit attributable to shareholders reached 16.61 million CNY, marking a turnaround from a loss in the previous year [2] - The gross margin for the first three quarters of 2024 was 49.60%, up from 42.47% in the same period of 2023 [4] Research and Development - As of September 30, 2024, the total R&D investment amounted to 139.62 million CNY, accounting for 24.21% of the revenue [3] - Continuous development of core technologies is essential for the company's survival and competitive advantage [3] Market Expansion and Projects - The company is actively pursuing overseas market expansion, particularly in South Asia, Southeast Asia, the Middle East, and Africa [6] - Recent projects in the Middle East and India are progressing normally, with updates to be disclosed as contracts meet information disclosure standards [5] Environmental and Risk Management - The company emphasizes environmental protection and sustainable development, integrating these aspects into daily operations [3] - Key risk factors and mitigation strategies are detailed in the company's semi-annual report [5] Business Segments Performance - Core network system revenue reached 60.06 million CNY, a significant increase of 94.26% year-on-year [5] - Revenue from optical networks and access systems was 104.06 million CNY, showing a decline of 5.23% compared to the previous year [5] - The smart network and emergency response system revenue was 132.73 million CNY, up by 20.68% year-on-year [5] Strategic Outlook - The company plans to continue exploring overseas markets and enhance its satellite internet capabilities [6] - Focus will remain on improving operational performance and market share through core technology and competitive advantages [6]