Jilin OLED(SH:688378)2023-11-08 03:16Financial Performance - In the first three quarters of 2023, the company's operating revenue was 414 million CNY, an increase of 5.43% year-on-year [3] - Net profit for the same period was 97.74 million CNY, a decrease of 12.65% year-on-year [3] - The third quarter saw operating revenue of 87 million CNY, a significant decrease of 37.44% year-on-year [3] - The net profit for Q3 was 256,500 CNY, down 99.31% year-on-year [3] Revenue Breakdown - Material revenue for the first three quarters was 222 million CNY, up 47.36% year-on-year [4] - Equipment revenue decreased by 20.63% year-on-year, totaling 192 million CNY [4] - Q1 material revenue was 65.97 million CNY (up 64.98%), Q2 was 75.51 million CNY (up 59.24%), and Q3 was 80.16 million CNY (up 27.24%) [4] Profit Margins - The gross margin for materials in the first three quarters was 51%, an increase of 18 percentage points year-on-year [4] - The gross margin for equipment remained stable at 66% compared to the previous year [4] R&D Investment - R&D investment for the first three quarters was 92.45 million CNY, a year-on-year increase of 25.48% [4] - R&D expenses accounted for 22.30% of operating revenue [4] Market Outlook - The OLED panel industry is recovering, with increased utilization rates and strong sales in the smartphone market [6] - The company is actively preparing for the construction of eighth-generation evaporation source equipment [5] - The demand for high-end technologies, such as stacking technology, is expected to impact panel manufacturers' production capacity [6] Orders and Contracts - As of September 2023, the company had equipment orders totaling 166 million CNY [7] - The company won a bid for a sixth-generation AMOLED stacking renovation project with a contract value of 45.20 million CNY [7]