今年前三季度，该公司销售毛利率33.76%，其中第三季度销售毛利率34.68%，环比第二季度提升1.29个百分点。对此，恒玄科技表示主要系由于公司产品结构的变化和上游成本的下降，销售毛利率逐季改善。In the first three quarters of this year, smart watches and wristbands accounted for approximately 29% of bestechnic (shanghai) co., ltd.'s total sales, a significant increase compared to the same period last year. Looking ahead to the fourth quarter and 2025, bestechnic (shanghai) co., ltd. stated that the gross margin is expected to continue to improve. In the third quarter, the company's inventory was 0.672 billion yuan, with raw materials and work in progress accounting for about 60% and finished products accounting for about 40%.
"Star Daily" November 28th News (Reporter Qiu Siyu) "The company's order visibility is generally between 1 month and 2 months, and the growth in orders in the third quarter is good." During today's (November 28th) third-quarter earnings conference, Zhao Guoguang, Vice Chairman and General Manager of bestechnic (shanghai) co., ltd., told the reporter from "Star Daily".
In terms of performance, in the third quarter, the company achieved revenue of 0.942 billion yuan, a year-on-year increase of 44.01%, setting a new high for quarterly revenue; net income was 0.141 billion yuan, a year-on-year increase of 106.45%. The second half of the year is the traditional peak season for consumer electronics. The third quarter saw many new product launches. "What we are seeing now is the rhythm of a normal peak season," bestechnic (shanghai) co., ltd. stated.
In the first three quarters of this year, the company's gross margin was 33.76%, with the third-quarter gross margin reaching 34.68%, an increase of 1.29 percentage points from the second quarter. bestechnic (shanghai) co., ltd. attributed this improvement mainly to changes in product structure and the decrease in upstream costs, leading to an improvement in gross margin quarter by quarter.
During the earnings conference, Zhao Guoguang, Vice Chairman and General Manager of bestechnic (shanghai) co., ltd., further explained the changes in product structure: "In the first three quarters of the revenue, Bluetooth audio products accounted for about 65%; smart watches and wristbands accounted for approximately 29%, a significant increase compared to the same period last year." It is reported that looking ahead to the fourth quarter and 2025, bestechnic (shanghai) co., ltd. stated that the gross margin is expected to continue to improve. Zhao Guoguang also mentioned that the company's chips have been used in smart glasses products such as Meizu, and some client projects are in the import stage.
Recently, there has been a high demand for wearable products represented by smart watches and wristbands. bestechnic (shanghai) co., ltd. also revealed in its third-quarter report that since the beginning of the year, demand in the downstream smart wearable and smart home markets has continued to grow. Wearable products are also benefiting from the development of front-end AI. With the rise of cloud-based large models, there are new demands on chips.
"The environmental perception capabilities of wearables need to be strengthened, so the computing power of the main control chip needs to be correspondingly increased. At the same time, long battery life for wearables is essential, so chips need to maintain a low power consumption level on the basis of improving computing power," Zhao Guoguang told the reporter from "Star Daily." "The company positions itself as a wireless ultra-low power computing SoC chip, and the development of front-end AI and the company's chip upgrade iteration path are quite matched."
Regarding inventory, Zhao Guoguang revealed that the company's third-quarter inventory was 0.672 billion yuan, with raw materials and work in progress accounting for about 60% and finished products accounting for about 40%.
