United Nova Technology (SH:688469)2023-11-02 00:48Financial Performance - In the first three quarters of 2023, the company achieved total revenue of 3.832 billion CNY, representing a year-on-year increase of 74.38% [2] - In Q3 2023, the company reported revenue of 1.311 billion CNY, with a year-on-year growth of 115.36% [2] - The net cash flow from operating activities for the first three quarters was 1.972 billion CNY, showing a significant year-on-year increase of 399.12% [2] - The EBITDA for Q3 2023 was 0.862 billion CNY, with a net cash flow of 1.011 billion CNY [2] Business Development - The company has established a subsidiary, ChipLink Power, focusing on SiC (Silicon Carbide) business, which is progressing rapidly [3] - The 6-inch SiC MOSFET products are primarily used in automotive main drive inverters, and the company is accelerating customer and market expansion [3] - The global power semiconductor market is expanding due to the growth of the new energy industry, with increasing domestic production lines intensifying competition [3] Product Outlook - The company anticipates that its IGBT (Insulated Gate Bipolar Transistor) business will return to a high growth trajectory following the planned upgrade of products in the first half of next year [4] - The company is focusing on high-performance inverter modules for automotive applications and large power modules for new energy [4] - In the consumer electronics sector, the company is leading in mobile-related products, including sensors, RF, and lithium battery protection devices [4] Capacity and Production - The company maintains a monthly capacity of 170,000 8-inch wafers, with ongoing validation of 12-inch wafer foundry technology and products [4] - The production lines for MEMS (Micro-Electro-Mechanical Systems) microphones have achieved significant breakthroughs and are now in mass production [4]