Valiant(002643)2023-10-30 09:25Financial Performance - Q3 2023 revenue reached approximately 1.102 billion yuan, with net profit attributable to shareholders of 186 million yuan, a year-on-year increase of 21.68% [2] - Cumulative revenue from the beginning of 2023 to the end of Q3 was approximately 3.176 billion yuan, with net profit attributable to shareholders of 575 million yuan [3] Business Segments Zeolite Business - Zeolite series environmental materials business continued to grow in the first three quarters of 2023 compared to the same period last year [3] Pharmaceutical Business - Pharmaceutical business maintained growth in the first three quarters of 2023, driven by increased downstream demand and the utilization of new projects [3] OLED Materials - OLED materials business continued to grow in Q3 2023, with March Technology's self-developed OLED materials achieving sales in downstream panel factories [3][4] PI Materials - March Technology's self-developed PSPI materials have achieved sales in downstream panel factories, and TFT PI materials have passed new customer verification [3][4] - PI monomer materials business is developing well, with thermoplastic PI materials for aerospace composites being supplied continuously [4] Semiconductor Materials - The "65-ton photoresist resin series product project" has been put into use, providing semiconductor photoresist resin materials according to customer demand [4] - Semiconductor materials business is developing well, aiming to become a strong support for the global semiconductor manufacturing materials industry [4] Liquid Crystal Materials - Liquid crystal materials business remained stable in Q3 2023, with hopes for improved downstream consumer electronics demand [4] Perovskite Solar Cell Materials - Perovskite solar cell materials business continued to develop downstream customers and products in Q3 2023, with expectations for future growth [4][5] Projects and Investments - March Technology's capital increase is expected to be completed within the year, with plans to introduce industrial capital from the display panel manufacturing or application fields [3] - The "Zhongneng Wanneng (Penglai) New Materials Phase I Construction Project" has a total planned investment of 1.8 billion yuan, with construction of auxiliary facilities starting in the first half of 2022 and main production workshops beginning construction in 2022 [5] External Factors - Q2 and Q3 2023 revenues were similar, but net profit differences were mainly due to exchange rate fluctuations and changes in income tax expenses [5]