① According to preliminary estimates by the finance department, Ruichuang Weina expects to achieve a net profit of about 500 million yuan in 2023, an increase of about 59.55% over the previous year. ② The company's current business is mainly for civilian use, and the special equipment business does not account for a high share of revenue; the overseas business mainly consists of outdoor sports, industrial temperature measurement, security vision, and automotive markets.
“Science and Technology Innovation Board Daily”, January 22 (Reporter Wu Xuguang) On the evening of January 21, Ruichuang Weina announced its 2023 annual results announcement. According to preliminary estimates by its finance department, it is expected to achieve net profit of about 500 million yuan in 2023, an increase of about 59.55% over the previous year; net profit after deduction from the mother is about 420 million yuan, an increase of about 68.59% over the previous year.
Based on this calculation, Ruichuang Weina's net profit for Q4 in 2023 is expected to be about 113 million yuan. Compared with net profit of 129 million yuan in the third quarter, a decrease of about 16 million yuan, a decrease of about 12.40% from the previous quarter.
Ruichuang Weina said that the change in net profit was due to the fact that during the reporting period, the company continued to increase R&D investment and new product development efforts, maintain sufficient orders, etc., and achieved an increase in revenue compared to the same period last year. In addition, during the reporting period, the estimated impact of non-recurring profit and loss on the company's net profit was about 78.58,900 yuan, mainly other income from government subsidies it received.
The director and secretary of Ruichuang Weina told the “Science and Technology Innovation Board Daily” reporter that in terms of the company's new product development last year, product updates and iterations were mainly carried out around the main industries such as infrared thermal imaging. This is reflected in the expansion of product models from more than 20 in 2022 to more than 30 product models in 2023.
“Specifically, in the downstream application market, sales of the company's night vision products for outdoor hunting have strengthened, which has contributed to the improvement of the company's performance to a certain extent.” The director's secretary added.
The “Science and Technology Innovation Board Daily” reporter noticed that in recent years, Ruichuang Weina's net profit, gross profit margin, and net interest rate in a single quarter have all shown an upward trend. From the first quarter of 2022 to the third quarter of 2023, net profit for a single quarter was 14.28 million yuan, 98.19 million yuan, 69.92 million yuan, 131 million yuan, 81.6 million yuan, 176 million yuan, and 130 million yuan, respectively, all of which remained at a high level.
“Ruichuang Weina is mainly in the infrared business. Multidimensional sensing fields such as microwave and laser have gradually broken through the new pattern, strongly supporting the company's continued rapid development. Benefiting from positive factors such as the normalization of the delivery pace of various domestic special equipment projects and overseas market development, the company's main infrared business is growing rapidly, and new businesses such as microwave are progressing hand in hand.” China Aviation Securities pointed out in the research report.
Ruichuang Microelectronics is engaged in the design and manufacturing technology development of special integrated circuits, special chips and MEMS sensors. It has the capabilities of multi-spectral sensing research and development, multi-dimensional sensing and AI algorithms, and provides global customers with excellent performance MEMS chips, ASIC processor chips, infrared thermal imaging and temperature measurement products, lasers, microwave products and optoelectronic systems. The products are widely used in night vision observation, artificial intelligence, machine vision, autonomous driving, drone payload, smart industry, security, Internet of Things, medical and other fields. Currently, the company's products are mainly aimed at the two major markets: special equipment and civilian use.
“The company's current business is mainly for civilian use, and the special equipment business does not account for a high share of revenue; the overseas business mainly consists of outdoor sports, industrial temperature measurement, security vision, and automotive markets. Among them, outdoor sports are mainly for personal consumption, and currently account for a relatively high proportion of overseas sales.” Huang Yan, secretary of the board of directors of Ruichuang Weina, said at the company's 2023 Q3 results briefing.