Inner Mongolia OJing Science & Technology (SZ:001269)2023-11-01 06:52Group 1: Financial Performance - In Q3 2023, the operating revenue of Oujing Technology reached 871 million CNY, with a non-net profit of 179 million CNY. This represents a 6% increase in operating revenue compared to Q2 2023, which had an operating revenue of 818 million CNY and a non-net profit of 233 million CNY [1] - The non-net profit in Q3 decreased by 54 million CNY, reflecting a decline of 23.18% compared to Q2 [1] Group 2: Market and Industry Trends - The company's revenue growth aligns with industry trends, benefiting from the "dual carbon" policy, which has positively impacted the global photovoltaic market, leading to a significant increase in production of polysilicon, silicon wafers, and components, all growing over 65% year-on-year in the first half of 2023 [2] - The increase in inventory by 180 million CNY in Q3 was primarily due to the procurement of raw material quartz sand, which was planned based on downstream customer demand for quartz crucibles [2] Group 3: Production and Expansion Plans - The first phase of the Ningxia quartz crucible project has a total investment of 150 million CNY and plans to construct 8 melting lines [3] - The company is currently advancing its expansion project as planned and will adjust production based on market demand [2][3] Group 4: Stock and Investor Relations - The company is aware of the decline in stock prices, which are influenced by various factors. It aims to improve performance, accelerate new product development, and enhance communication with investors [3] - There are currently no plans for stock buybacks, but the company will disclose any future plans in accordance with regulations [3]