Taijing Technology's net profit in the first three quarters was 171 million yuan, a year-on-year increase of 1443.15%

On October 29, Taijing Technology released its third-quarter report, achieving operating income of 898 million yuan in the first three quarters, a year-on-year increase of 105.84%; and achieving net profit attributable to shareholders of listed companies of 171 million yuan, a year-on-year increase of 1443.15%.

In the third quarter, the company achieved operating income of approximately RMB 335 million, a year-on-year increase of 73.59%. Net profit attributable to shareholders of listed companies was approximately RMB 75.55 million, a year-on-year increase of 1,190.6%. Basic earnings per share was RMB 0.4, a year-on-year increase of 900%.

Taijing Technology pointed out that the revenue growth was mainly due to the positive situation in the electronic components industry in which the company is located during the reporting period, resulting in the increase in the company's sales volume and unit price; the net profit growth was due to the increase in the company's product revenue and gross profit margin. 

It is reported that Taijing Technology achieved revenue of 563 million yuan in the first half of 2021, a year-on-year increase of 131.37%; net profit was 95.5 million yuan, a year-on-year increase of 1725.8%; net profit after deducting non-recurring gains and losses was 92.18 million yuan, a year-on-year increase of 3338.83%.

Benefiting from the surge in demand for technological innovation and industrial applications such as 5G, the Internet of Things, and the Internet of Vehicles, and the accelerated pace of domestic substitution for imports, the electronic components industry continues to strengthen, and the company has sufficient orders. Relying on its advantages in semiconductor lithography process technology, Taijing Technology has increased the capacity expansion of its superior products, and the new fundraising projects have been smoothly implemented and promoted. The MEMS micro-nano lithography workshop has completed the second phase of construction, and the SMD small model has expanded the production line layout. In the first half of 2021, with the gradual release of new production capacity, the total production capacity of the series of products has been further improved. Taijing Technology achieved a total output of 1.649 billion main products, with a main business income of 504 million yuan, and a main business income of 292 million yuan in the second quarter, a quarter-on-quarter increase of 37.72%.