<p>巴拉德动力系统（(TSE:BLDP)）召开了第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>巴拉德动力系统最近的财报电话会议传达了平衡的情绪，强调了显著的收入增长和积极的毛利率成就，主要得益于公交和铁路领域的成功。尽管有这些积极的发展，公司承认仍面临持续的挑战，包括实现可持续盈利和战略运营转型的必要性。会议反映了一个细致的视角，在关键领域的进展与持续重组和战略调整的必要性之间取得了平衡。</p>
<h2>显著的收入增长</h2>
<p>巴拉德动力系统报告称，收入同比增长了 120%，其中公交和铁路领域发挥了关键作用。这些领域贡献了超过 70% 的季度收入，突显了它们在公司增长战略中的重要性。</p>
<h2>积极的毛利率成就</h2>
<p>公司实现了 15% 的积极毛利率，标志着与之前数据的显著转变。这一改善归因于成功的成本削减和繁重合同准备金的净减少，显示出有效的成本管理策略。</p>
<h2>强劲的资产负债表和现金管理</h2>
<p>巴拉德在季度末拥有 5.257 亿美元的现金及现金等价物，保持无债务状态且没有即时融资需求。这突显了公司的强健财务状况和谨慎的现金管理实践。</p>
<h2>FC Move SC 发布</h2>
<p>在公交世界展会上发布的 FC Move SC 获得了 OEM 的积极反馈。该产品以其更高的功率密度和更简单的功能而受到关注，表明这是巴拉德产品线的一个有前景的补充。</p>
<h2>迄今为止最大的海洋订单</h2>
<p>巴拉德获得了与 ECAP 和 Samskip 签订的 6.4 兆瓦的最大海洋订单，标志着海洋领域的一个里程碑，展示了公司不断扩大的市场覆盖。</p>
<h2>稍微负面的调整毛利率</h2>
<p>尽管有一次性收益，调整后的毛利率仍然略显负面，突显了实现可持续盈利的持续努力的必要性。</p>
<h2>订单延迟和市场挑战</h2>
<p>一些订单已推迟至 2025 年第四季度或 2026 年第一季度，反映出在确保可持续合同条款和市场条件方面的挑战，需要战略耐心。</p>
<h2>运营费用下降</h2>
<p>运营费用同比下降了 36%，主要得益于重组努力。这表明了有效的成本削减措施和对运营效率的关注。</p>
<h2>德克萨斯州超级工厂开发取消</h2>
<p>取消德克萨斯州超级工厂开发的决定反映了战略转变和对资本纪律的承诺，与公司优化资源配置的重点相一致。</p>
<h2>减少在中国合资企业的参与</h2>
<p>巴拉德正在减少在中国合资企业的参与，以集中精力于北美和欧洲市场，表明了向更有前景地区的战略调整。</p>
<h2>前瞻性指导</h2>
<p>巴拉德动力系统提供了前瞻性指导，强调持续的战略规划和财务纪律。公司预计运营费用将低于其 1 亿到 1.2 亿美元指导范围的下限。此外，资本支出已修订为 800 万到 1200 万美元，低于之前的 1500 万到 2500 万美元，反映出对资本配置的谨慎态度。</p>
<p>总之，巴拉德动力系统的财报电话会议呈现了公司当前状况和未来前景的平衡视角。会议强调了显著的收入增长和积极的毛利率成就，同时也指出了持续战略调整和可持续盈利的必要性。公司的强劲财务状况和对关键市场的战略关注突显了其持续增长和成功的潜力。</p>

巴拉德动力系统

<p>巴拉德动力系统的第三季度财报电话会议强调了收入增长 120%，主要得益于公交和铁路部门，毛利率为 15%。公司保持强劲的资产负债表，现金余额为 5.257 亿美元。战略调整包括取消德克萨斯州的超级工厂，并减少在中国的参与。前瞻指引强调财务纪律，预计运营费用将低于 1 亿美元，资本支出修订为 800 万至 1200 万美元。尽管面临挑战，会议反映出对增长和战略重组的平衡看法</p>

<p>Ballard Power ((TSE:BLDP)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>巴拉德动力系统（(TSE:BLDP)）召开了第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<div class="lb-trans"><h3>认识您的 ETF 人工智能分析师</h3>
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<li>Explore ETFs TipRanks' users love and see what insights the <strong><em>ETF</em> AI Analyst</strong> reveals about the ones you follow.</li>
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</div><p>Ballard Power Systems’ recent earnings call conveyed a balanced sentiment, highlighting significant revenue growth and positive gross margin achievements, primarily driven by successes in the bus and rail segments. Despite these positive developments, the company acknowledged ongoing challenges, including the need for sustainable profitability and strategic operational shifts. The call reflected a nuanced perspective, balancing progress in key areas with the necessity for continued restructuring and strategic realignment efforts.</p>
<div class="lb-trans"><p>巴拉德动力系统最近的财报电话会议传达了平衡的情绪，强调了显著的收入增长和积极的毛利率成就，主要得益于公交和铁路领域的成功。尽管有这些积极的发展，公司承认仍面临持续的挑战，包括实现可持续盈利和战略运营转型的必要性。会议反映了一个细致的视角，在关键领域的进展与持续重组和战略调整的必要性之间取得了平衡。</p>
</div><h2>Significant Revenue Growth</h2>
<div class="lb-trans"><h2>显著的收入增长</h2>
</div><p>Ballard Power Systems reported an impressive 120% year-over-year revenue increase, with the bus and rail segments playing a pivotal role. These segments contributed to over 70% of the quarter’s revenue, underscoring their importance in the company’s growth strategy.</p>
<div class="lb-trans"><p>巴拉德动力系统报告称，收入同比增长了 120%，其中公交和铁路领域发挥了关键作用。这些领域贡献了超过 70% 的季度收入，突显了它们在公司增长战略中的重要性。</p>
</div><h2>Positive Gross Margin Achievement</h2>
<div class="lb-trans"><h2>积极的毛利率成就</h2>
</div><p>The company achieved a positive gross margin of 15%, marking a significant turnaround from previous figures. This improvement was attributed to successful cost reductions and a net decrease in onerous contract provisions, signaling effective cost management strategies.</p>
<div class="lb-trans"><p>公司实现了 15% 的积极毛利率，标志着与之前数据的显著转变。这一改善归因于成功的成本削减和繁重合同准备金的净减少，显示出有效的成本管理策略。</p>
</div><h2>Strong Balance Sheet and Cash Management</h2>
<div class="lb-trans"><h2>强劲的资产负债表和现金管理</h2>
</div><p>Ballard ended the quarter with $525.7 million in cash and cash equivalents, maintaining a debt-free status and no immediate financing needs. This highlights the company’s robust financial health and prudent cash management practices.</p>
<div class="lb-trans"><p>巴拉德在季度末拥有 5.257 亿美元的现金及现金等价物，保持无债务状态且没有即时融资需求。这突显了公司的强健财务状况和谨慎的现金管理实践。</p>
</div><h2>FC Move SC Launch</h2>
<div class="lb-trans"><h2>FC Move SC 发布</h2>
</div><p>The launch of the FC Move SC at Bus World received positive feedback from OEMs. The product is noted for its higher power density and simpler functionality, indicating a promising addition to Ballard’s product lineup.</p>
<div class="lb-trans"><p>在公交世界展会上发布的 FC Move SC 获得了 OEM 的积极反馈。该产品以其更高的功率密度和更简单的功能而受到关注，表明这是巴拉德产品线的一个有前景的补充。</p>
</div><h2>Largest Marine Order to Date</h2>
<div class="lb-trans"><h2>迄今为止最大的海洋订单</h2>
</div><p>Ballard secured its largest marine order of 6.4 megawatts to ECAP and Samskip, marking a milestone in the marine segment and demonstrating the company’s expanding market reach.</p>
<div class="lb-trans"><p>巴拉德获得了与 ECAP 和 Samskip 签订的 6.4 兆瓦的最大海洋订单，标志着海洋领域的一个里程碑，展示了公司不断扩大的市场覆盖。</p>
</div><h2>Slightly Negative Adjusted Gross Margin</h2>
<div class="lb-trans"><h2>稍微负面的调整毛利率</h2>
</div><p>Despite one-time benefits, the adjusted gross margin would have been slightly negative, highlighting the ongoing need for efforts towards achieving sustainable profitability.</p>
<div class="lb-trans"><p>尽管有一次性收益，调整后的毛利率仍然略显负面，突显了实现可持续盈利的持续努力的必要性。</p>
</div><h2>Delayed Orders and Market Challenges</h2>
<div class="lb-trans"><h2>订单延迟和市场挑战</h2>
</div><p>Some orders have been postponed to Q4 2025 or Q1 2026, reflecting challenges in securing sustainable contract terms and market conditions that require strategic patience.</p>
<div class="lb-trans"><p>一些订单已推迟至 2025 年第四季度或 2026 年第一季度，反映出在确保可持续合同条款和市场条件方面的挑战，需要战略耐心。</p>
</div><h2>Decline in Operating Expenses</h2>
<div class="lb-trans"><h2>运营费用下降</h2>
</div><p>Operating expenses saw a 36% year-over-year decline, largely due to restructuring efforts. This indicates effective cost-cutting measures and a focus on operational efficiency.</p>
<div class="lb-trans"><p>运营费用同比下降了 36%，主要得益于重组努力。这表明了有效的成本削减措施和对运营效率的关注。</p>
</div><h2>Texas Gigafactory Development Canceled</h2>
<div class="lb-trans"><h2>德克萨斯州超级工厂开发取消</h2>
</div><p>The decision to cancel the Texas Gigafactory development reflects a strategic shift and a commitment to capital discipline, aligning with the company’s focus on optimizing resource allocation.</p>
<div class="lb-trans"><p>取消德克萨斯州超级工厂开发的决定反映了战略转变和对资本纪律的承诺，与公司优化资源配置的重点相一致。</p>
</div><h2>Reduced Involvement in China Joint Venture</h2>
<div class="lb-trans"><h2>减少在中国合资企业的参与</h2>
</div><p>Ballard is reducing its involvement in the China joint venture to concentrate efforts on North American and European markets, indicating a strategic realignment towards more promising regions.</p>
<div class="lb-trans"><p>巴拉德正在减少在中国合资企业的参与，以集中精力于北美和欧洲市场，表明了向更有前景地区的战略调整。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Ballard Power Systems provided forward-looking guidance, emphasizing continued strategic planning and financial discipline. The company expects operating expenses to fall below the low end of their $100 million to $120 million guidance range. Additionally, capital expenditures have been revised to $8-$12 million, down from the previous $15-$25 million, reflecting a disciplined approach to capital allocation.</p>
<div class="lb-trans"><p>巴拉德动力系统提供了前瞻性指导，强调持续的战略规划和财务纪律。公司预计运营费用将低于其 1 亿到 1.2 亿美元指导范围的下限。此外，资本支出已修订为 800 万到 1200 万美元，低于之前的 1500 万到 2500 万美元，反映出对资本配置的谨慎态度。</p>
</div><p>In summary, Ballard Power Systems’ earnings call presented a balanced view of the company’s current standing and future prospects. The call highlighted significant revenue growth and positive gross margin achievements, tempered by the need for ongoing strategic realignment and sustainable profitability. The company’s strong financial position and strategic focus on key markets underscore its potential for continued growth and success.</p>
<div class="lb-trans"><p>总之，巴拉德动力系统的财报电话会议呈现了公司当前状况和未来前景的平衡视角。会议强调了显著的收入增长和积极的毛利率成就，同时也指出了持续战略调整和可持续盈利的必要性。公司的强劲财务状况和对关键市场的战略关注突显了其持续增长和成功的潜力。</p>
</div>

巴拉德动力系统的财报电话会议突出了公司的增长和战略转变