United Nova Technology (SH:688469)2024-02-27 07:36Group 1: Financial Performance - The company expects to achieve total revenue of approximately 5.325 billion yuan in 2023, representing a year-on-year growth of 15.59% [1] - Main business revenue increased by 24.06% year-on-year [1] - The net profit attributable to the parent company is estimated to be around -1.967 billion yuan [1] Group 2: EBITDA and Cash Flow - The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is approximately 944 million yuan, reflecting a year-on-year growth of 16.63% [1] - Operating cash flow increased by 1.396 billion yuan, a year-on-year increase of 104.63% [1] Group 3: Depreciation and R&D Investment - Depreciation and amortization expenses are expected to be around 3.375 billion yuan in 2023, an increase of 1.293 billion yuan compared to the previous year [2] - R&D investment for 2023 is projected to be approximately 1.541 billion yuan, up by 700 million yuan year-on-year [2] Group 4: SiC Business and Market Outlook - The company achieved mass production of silicon carbide (SiC) products in 2023, with 90% of these products used in new energy vehicle inverters [2] - Expected revenue contribution from SiC business in 2024 is projected to exceed 1 billion yuan [2] - Long-term market share for SiC products is anticipated to reach 30% globally [2]