SUNWODA(SZ:300207)2023-10-26 15:18Financial Performance - In 2023, the company achieved a revenue of 12.083 billion CNY, with a net profit of 804 million CNY, representing a year-on-year growth of 26.01% [2] - For the first three quarters of 2023, the company reported a total revenue of 34.319 billion CNY, with a net profit attributable to shareholders of 6.09 billion CNY, reflecting a year-on-year increase of 15.74% [2] - The operating cash flow for the first three quarters increased by 257.84% compared to the previous year [2] Business Segments - The consumer electronics segment saw a slight decline in revenue compared to the previous year, despite an increase in shipment volume due to lower raw material prices [3] - The company plans to expand its market share in the consumer electronics sector by providing integrated services and enhancing battery self-supply rates [3] Management and Cost Control - The increase in management expenses is attributed to a higher demand for management personnel, prompting the company to strengthen cost control measures [4] Market Outlook - The electric vehicle market is expected to grow, with the company aiming to capture new customers and market share as the competition stabilizes [6] - The depreciation of the RMB positively impacts revenue from USD-denominated business, while it negatively affects procurement costs [6]