Nader electric achieved revenue of 150.5 billion y

2022-08-23
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Nader achieved revenue of 1.505 billion yuan in the first three quarters

Nader announced its 2019 third quarter report. In the first three quarters, it achieved revenue of 1.505 billion yuan, a year-on-year increase of 22.75%, Q3 revenue of 560 million yuan, q1-q3 revenue growth rate of 17.14%, 18.32% and 32.06% quarter by quarter, and the growth rate remained elevated. The third quarter speed-up was mainly due to the increase in the revenue growth of the downstream of communication. In the first three quarters, the net profit attributable to the parent company and the net profit deducted from non attributable to the parent company were 253 million yuan and 222 million yuan, with a year-on-year increase of 15.14% and 18.10%, and the net profit attributable to the parent company in Q3 was 98 million yuan, with a year-on-year increase of 4.51%, mainly due to the high base of Q3 last year and the large amount of government subsidies received in Q3 last year. In the first three quarters, the net operating cash flow was 274 million yuan, an increase of 56.22% year-on-year, and the operation was stable

the gross profit margin slightly decreased compared with the same period, and the expense rate slightly decreased

the gross profit margin of the company in the first three quarters reached 41.32%, a slight decrease of 1.10pct year-on-year, mainly due to the impact of product structure changes: with the 5g construction of Jinan testing machine factory officially going to work today, we expect the shipment of 5g communication circuit breakers of the company to continue to increase, but the initial product price is relatively low; In the second half of last year, the shipment of new energy products was limited by the policy. This year, the relevant products increased more, but the gross profit margin of products in this field is relatively low. With the price adjustment of 5g communication circuit breaker, the gross profit margin is expected to be stable in the future. The expense rate of the company in the first three quarters was 23.27%, a slight decrease of 0.46pct year-on-year, of which the sales expense rate, management expense rate and R & D expense rate were +0.26, -0.46 and -0.28pct year-on-year respectively, and the overall expense control was relatively stable. In the first three quarters, the R & D expenditure of the company was 113 million yuan, and the R & D expenditure rate reached 7.49%, and the R & D investment remained at a high level

the company's ability has been recognized by the downstream, and the brand influence has gradually increased.

combined with the situation of strengthening in time for half a year, we expect the company to achieve better development in key downstream fields: the real estate field continues to grow; The 5g circuit breaker developed in cooperation with Huawei has reached the industry-leading level, and it is expected that the future shipments will continue to increase; As the policy recovers, the supply of new energy continues to increase, maintaining its leading edge in the field of centralized inverter. The company's ability has been widely recognized by customers, and its brand influence has gradually increased

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