On the evening of October 30, Luen Mei Quantum (600167.SH) released its third-quarter report for 2024, reporting operating revenue of CNY2.29 billion, a year-on-year increase of 5.19%, with a net profit attributable to shareholders of the listed company reaching CNY508 million.

As a leading enterprise in the clean heating sector, Luen Mei Quantum upholds the operational philosophy of “being driven by technological innovation, supported by refined management”. Its business portfolio encompasses energy-efficient and environmentally friendly initiatives, such as high-efficiency coal-fired combined heat and power (CHP) generation, water-source heat pump heating, biomass CHP, and intelligent control systems. The company firmly holds a leading position in the clean heating and steam supply sectors.

According to a research report by Galaxy Securities, Luen Mei Quantum leads its peers in profitability. The prepayment nature of its residential heating business ensures strong cash flow and abundant funds on hand, allowing the company to significantly outperform comparable companies. This financial strength has enabled Luen Mei Quantum to distribute cash dividends for seven consecutive years, with a dividend yield exceeding 3%, providing excellent value for investors.

Looking ahead, Luen Mei Quantum will continue to leverage its advantages in the Shenyang region while expanding its footprint nationwide. The company will adapt its solutions to meet the varying energy needs and characteristics of different regions, with a focus on “low carbon, clean, efficient, and cost-effective” objectives. By mobilizing its resources to drive green and smart innovations, Luen Mei Quantum aims to create new business growth points, ensuring the company’s sustainable, healthy, stable, and high-quality development.