Niutech(SH:688309)2023-12-08 03:40Group 1: Financial Performance - In the first three quarters of 2023, the company achieved operating revenue of 146.22 million yuan, an increase of 27.01% compared to the same period last year [1] - The net profit attributable to shareholders of the listed company reached 12.13 million yuan, a significant increase of 2447.26% year-on-year [1] Group 2: Investor Inquiries and Responses - The company addressed concerns regarding the underperformance in Q3, explaining that it followed consistent accounting policies and estimated credit impairment losses [2] - Regarding a large order from Europe worth over 300 million yuan, the company confirmed ongoing communication with the client about the advance payment not being received [2] - The company reassured investors that the annual net profit target of 60 million yuan remains achievable despite the Q3 provisions [2] Group 3: Strategic Developments - Shandong Development Investment Group has acquired a 5% stake in the company, becoming its third-largest shareholder, which is expected to enhance resource integration and sustainable development [2] - The company has intensified efforts in managing accounts receivable, successfully recovering some payments from clients [3] - The new factory has reached operational status and is in the process of generating revenue, with depreciation being accounted for as per the accounting standards [3]