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Express News | Oceanus Electric: The company's Asia Vets nursing robot&automation has been mass-produced
Oceanus Electric (301187): Performance exceeds expectations, and the high-growth period has arrived.
Event overview: The company released the third quarter report of 2024. The performance in 24Q3 saw a significant increase. The company achieved revenue of 0.57 billion yuan in 24Q3, a year-on-year growth of 57.4%; achieved a net income attributable to mother of 0.087 billion yuan, a year-on-year growth of 49%.
Ousheng Electric: Report for the third quarter of 2024
Oceanus Electric (301187): New products continue to increase in volume, performance maintains high growth.
Performance Brief 28 October 2024, the company released the third-quarter report for 24Q1-3, achieving revenue of 1.31 billion yuan, a year-on-year increase of 56.1%; achieving a net income attributable to the parent company of 0.19 billion yuan, a year-on-year increase of 48.0%;
Oceanus Electric (301187): Leading brand in North America for air compressors and steering wet/dry vacuums, driving growth in new markets and product categories.
Investment Highlights: Oceanus Electric is a leader in North America's OEM of air compressors and wet/dry vacuums, with post-cycle real estate attributes. Bullish on the demand elasticity of the USA interest rate reduction cycle, while the company has advantages in R&D and overseas production capacity, as well as deep cooperation advantages with top brands and retailers.
Oceanus Electric (301187): Q3 performance sees high growth, continuing to enhance profitability.
This report summary: The company's Q3 performance has significantly increased, profitability continues to improve, and the optimization of customers is evident. Shareholding. Investment Highlights: Investment recommendation: The company's Q3 performance has significantly increased, profitability continues to improve, and the optimization of customers is evident.
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