Thanks to the continuous expansion of process equipment and process coverage, steady rise in market share, and continuous improvement in operating efficiency, etc., in the third quarter, Beifang Huachuang's net profit increased 55.02% year on year, and total revenue increased 30.12% year on year. Thanks to the rapid growth in electronic process equipment revenue and the reduction in cost and expense ratios, North China Huachuang's net profit increased 54.72% year-on-year in the first three quarters.
Thanks to the continuous expansion of process equipment and process coverage, steady rise in market share, and continuous improvement in operating efficiency, etc., in the third quarter, Beifang Huachuang's net profit increased 55.02% year on year, and total revenue increased 30.12% year on year.
On Tuesday, October 29th, Beifang Huachuang released its third quarter financial report:
1) Main financial data:
- Total revenue for the third quarter: RMB 8.018 billion, up 30.12% year on year; total revenue for the first three quarters was RMB 20.353 billion, up 39.51% year on year.
- Net profit for the third quarter: 1.682 billion yuan, up 55.02% year on year; net profit for the first three quarters was 4.463 billion yuan, up 54.72% year on year.
- Earnings per share for the third quarter: RMB 3.1667, up 54.52% year on year; earnings per share for the first three quarters were RMB 8.4019, up 54.23% year on year.
- Net profit for the third quarter after deducting non-recurring profit and loss: RMB 1.626 billion, up 57.72% year over year.
Total assets as of the end of the third quarter: RMB 63.43 billion; RMB 53.625 billion at the end of 2023.
Beifang Huachuang is currently an advanced enterprise in high-end integrated circuit process equipment in China. It specializes in semiconductor equipment, vacuum and lithium battery equipment, and precision components business, providing solutions in the fields of semiconductors, new energy, and new materials.
In the first three quarters, North China Huachuang's net profit increased 54.72% year on year, and overall operating income increased 39.51% year on year. North Huachuang said that this was mainly due to the company's rapid growth in electronic process equipment revenue, which surged 46.96% year on year. At the same time, the cost ratio declined.
In the first three quarters, net cash flow from North Huachuang's operating activities decreased by 59.97% year-on-year. Beifang Huachuang said that this is mainly due to the increase in payment payments for purchased products by the company in order to meet order requirements.
Today, North China's revenue rose 1.09% to 3898.70 yuan/share, with a market capitalization of 206.27 billion yuan. In the past year, Beifang Huachuang rose by more than 50%.
