Xinyichang(SH:688383) Zheng Quan Shi Bao Wang·2024-10-31 08:08Core Insights - New Yi Chang (688383) reported a revenue of 770 million yuan and a net profit attributable to shareholders of 69.47 million yuan for the first three quarters of 2024, marking a year-on-year growth of 23.68% and 30.50% respectively [1][2] - The company has maintained strong profitability despite cyclical market demand fluctuations, demonstrating the robustness of its core business [1] - New Yi Chang's net cash flow from operating activities reached approximately 154 million yuan, significantly higher than the same period last year, due to ongoing optimization of cash flow management [1] Financial Performance - Revenue for the first three quarters of 2024: 770 million yuan [1] - Net profit attributable to shareholders: 69.47 million yuan, up 23.68% year-on-year [1] - Deducted non-recurring profit: 63.19 million yuan, up 30.50% year-on-year [1] - Net cash flow from operating activities: approximately 154 million yuan [1] R&D and Innovation - R&D expenses increased by 78.75% year-on-year in Q3 2024, indicating a strong commitment to technological innovation [1] - R&D focuses on new product development, existing technology optimization, and product upgrades to meet industry demands [1][2] - The company has achieved breakthroughs in Mini LED, semiconductor wire bonding equipment, and testing packaging equipment, reinforcing its leading position in the industry [2] Shareholder Value and Future Outlook - New Yi Chang initiated a share repurchase plan to optimize capital structure and enhance shareholder returns, having repurchased 318,000 shares at a total cost of approximately 16.99 million yuan [2] - The steady progress of the share repurchase plan reflects the company's confidence in future development and commitment to enhancing shareholder value [2] - Looking ahead, the company plans to increase R&D investment and deepen its focus on LED and semiconductor technologies to further solidify its market position in advanced manufacturing [2]