SOKAN(SH:688157)2023-11-03 01:01Financial Performance - In the first three quarters of 2023, the company achieved a total revenue of CNY 415.13 million, representing a year-on-year growth of 6.95% [2] - The third quarter alone contributed CNY 169.27 million, with a quarter-on-quarter increase of 21.57% [2] - The net profit attributable to shareholders for the first three quarters was CNY 53.60 million, a decrease of 16.16% year-on-year, while the third quarter net profit was CNY 26.89 million, showing a year-on-year growth of 6.67% [3] Business Segments - In the high-end consumer electronics sector, revenue for the first three quarters was CNY 340.20 million, up 1.54% year-on-year, with the third quarter revenue reaching CNY 140.09 million, reflecting a year-on-year increase of 20.06% [3] - The automotive sector generated CNY 66.57 million in revenue during the first three quarters, marking a significant year-on-year growth of 32.17%, with the third quarter revenue at CNY 26.63 million, up 23.25% year-on-year [3] Research and Development - R&D expenses increased by 21.22% year-on-year, accounting for 15.40% of total revenue, focusing on strategic emerging fields such as passenger vehicles and special equipment [3] Market Strategy - The company is actively expanding its customer base in the automotive coatings sector, establishing partnerships with numerous well-known manufacturers [4] - The launch of the luminous bumper coating solution has set a precedent in the electric vehicle design, with successful mass production for a specific model from Geely [4] Future Outlook - The company is committed to enhancing its market influence and share by deepening collaborations with key clients and expanding project boundaries [4]