Shanghai Securities News China Securities News. On the evening of October 25, Juchen shares disclosed the third quarter report of 2021. The company achieved revenue of 392 million yuan in the first three quarters, a year-on-year increase of 7.53%; net of non-recurring gains and losses attributable to shareholders of listed companies The profit was 56.935 million yuan, of which 26.199 million yuan was in the third quarter, an increase of 51.94% year-on-year.
Although the net profit of Juchen shares in the third quarter report fell year-on-year, it was mainly due to the fluctuation in the stock price of SMIC shares held indirectly by the company and the higher investment income obtained by the company in the same period last year. On the contrary, the profitability of Juchen’s main business in the third quarter increased significantly, and net profit after deducting non-recurring gains and losses increased by more than 50% year-on-year.
Juchen said that the substantial increase in non-net profit was mainly due to the upward adjustment of the company’s product price system. From the perspective of the gross profit margin of the main business, the third quarter climbed to more than 40% to 41.96%, a full increase of 9.4% compared with the second quarter. This is also the third consecutive year after the gross profit inflection point in the fourth quarter of last year. The quarterly rise, the gross profit margin of the main business has increased by 13.47 percentage points since the beginning of this year.
It is also worth noting that in the third quarter, Juchen strengthened the improvement and upgrading of existing products and the research and development of new products, which resulted in a substantial increase in R&D project expenditures. The total R&D investment in the third quarter increased by 52.24% compared with the same period last year, and continued to increase month-on-month. The proportion of R&D investment in revenue also increased by 6.09% from 8.14% in the same period last year to 14.23%.
It is understood that Juchen currently has three product lines of non-volatile memory chips, voice coil motor drive chips, and smart card chips. In the most important non-volatile memory chip product line, Juchen continues to consolidate and enhance its competitive advantages in traditional application fields such as smart phone camera modules and LCD panels through updates and iterations. Automotive-grade EEPROM products are expected to be completed in the fourth quarter. A1 level AEC-Q100 reliability standard certification, and EEPROM products in DDR5 are also expected to usher in substantial progress. In addition, the key performance indicators of NOR FLASH products developed by Juchen have reached the industry-leading level, and some low-volume products have been sent to target customers for small batch samples for trial. These business areas will provide Juchen shares with new profit growth points in the future. (Nie Pin)Return to Sohu to see more
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