Tianyue Advanced (688234.SH) disclosed its 2023 annual report, and the company achieved revenue of 12.51 during the reporting period...
According to Zhitong Finance App News, Tianyue Advanced (688234.SH) disclosed its 2023 annual report. During the reporting period, the company achieved revenue of 1,251 billion yuan, an increase of 199.9%; net profit loss to mother of 45.72 million yuan, a year-on-year narrowing; net profit loss of 113 million yuan, a year-on-year narrowing; and basic earnings per share -0.1 yuan.
During the reporting period, the company's business strategy achieved good results in stages, driving the company's revenue growth in 2023. The company's high-quality silicon carbide substrates have been recognized by domestic and foreign customers. The company's customer base continues to grow, and it has carried out extensive cooperation with well-known domestic and foreign companies in the downstream power electronics and automotive electronics fields. The company's smart factory in Lingang, Shanghai will start product delivery in mid-2023, laying the foundation for the company's long-term increase in production capacity and output. The company continues to increase investment in technology to speed up the planning and layout of new products such as large sizes. Overall, 2023 benefited from a continuous increase in the company's production capacity and output of conductive products, increased product delivery capacity, increased operating income compared to the same period last year, increased product gross margin, and net profit attributable to shareholders of listed companies and net profit after deducting non-recurring profits and losses narrowed year-on-year losses.