Preface
On October 25, Fengyi Technology (stock code: 688279) announced the "Third Quarter Report of 2023". According to the report, from January to September 2023, the company achieved total revenue of 282 million yuan, a year-on-year increase of 20.48%, a net profit attributable to the parent company of 124 million yuan, a year-on-year increase of 6.98%, and basic earnings per share (yuan/share) of 0.44 yuan.
Total revenue and net profit over the years
From 2021 to the third quarter of 2023, the company achieved total revenue of 76 million yuan, 66 million yuan and 103 million yuan respectively, and the total revenue of the company in 2022Q3 and 2023Q3 changed by -13.27% and 56.37% year-on-year respectively.
In the first three quarters of 2020-2023, the company achieved total revenue of 149 million yuan, 258 million yuan, 234 million yuan and 282 million yuan respectively, and the total revenue in the first three quarters of 2021-2023 changed by 72.87%, -9.28% and 20.48% year-on-year respectively.
From 2021 to the third quarter of 2023, the company achieved net profit attributable to the parent company of 35 million yuan, 32 million yuan and 41 million yuan respectively, and the net profit attributable to the parent company in 2022Q3 and 2023Q3 changed by -6.71% and 26.51% year-on-year respectively.
In the first three quarters of 2020-2023, the company's net profit attributable to the parent company was 51 million yuan, 116 million yuan, 116 million yuan and 124 million yuan respectively, and the company's net profit attributable to the parent company in the first three quarters of 2021-2023 changed by 126.21%, -0.42% and 6.98% year-on-year respectively.
From January to September 2023, the company incurred sales expenses of 12 million yuan, a year-on-year increase of 81.61%, administrative expenses of 16 million yuan, a year-on-year increase of 26.3%, R&D expenses of 52 million yuan, a year-on-year increase of 40.4%, and financial expenses of -12 million yuan, a year-on-year decrease of 38.31%.
Summary of the charging head network
From January to September 2023, the company's total revenue increased by 20.48% year-on-year, and the net profit attributable to the parent company increased by 6.98% year-on-year, and in terms of a single quarter, the company's total revenue in the third quarter of 2023 increased by 56.37% year-on-year and 14.44% quarter-on-quarter, and the net profit attributable to the parent company in the third quarter of 2023 increased by 26.51% year-on-year, which was basically the same as the previous quarter. The company's performance has gradually grown and its financial situation has improved significantly, mainly due to the company's efforts to strengthen R&D investment, vigorously promote technological innovation, continuously enhance product competitive advantages, and continue to carry out strategic layout, market expansion and other measures to achieve product sales growth. From January to September 2023, the company invested 52 million yuan in R&D, a year-on-year increase of 40.4%.
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