Wingtech Technology's net profit in the third quarter increased by 8.08% year-on-year, and its semiconductor business performed strongly

According to news from this site on October 25, Wingtech Technology released its third quarter report for 2023 today. Data show that the company achieved operating income of 44.412 billion yuan in the first three quarters, a year-on-year increase of 5.53%, and net profit attributable to the parent company of 2.100 billion yuan, a year-on-year increase of 8.08%.

In the third quarter, the company’s operating income reached 15.206 billion yuan, a year-on-year increase of 11.90%. The net profit attributable to shareholders of listed companies was 848 million yuan, a year-on-year increase of 11.42%

The main business segment operations: the semiconductor business achieved revenue of 3.999 billion yuan, the gross profit margin of the business was 37.70%, and the net profit was achieved 683 million yuan; the product integration business achieved business income of 10.805 billion yuan, a gross profit margin of 9.97%, and a net profit of 245 million yuan; the optical module business achieved a net profit of 10 million yuan.

The net cash flow generated by Wingtech Technology’s operating activities in the first three quarters was 4.483 billion yuan, an increase of 200.81% compared with the same period last year. This site noticed that Wingtech Technology’s R&D investment in the first three quarters reached 2.34 billion yuan, a slight decrease compared with 2.447 billion yuan in the same period last year

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