10月28日 Finet Group news (Reporter Wang Bin) Benefiting from the volume increase of high-quality customers both domestically and internationally, Ningbo Tuopu Group (601689.SH) has maintained rapid growth in revenue and profits since the beginning of this year. Among them, Q3 revenue and non-net profit both hit a record high for a single quarter since listing.

Tonight, Ningbo Tuopu Group announced that in the first three quarters of this year, the company achieved revenue of 19.352 billion yuan, a year-on-year increase of 36.75%; net profit attributable to shareholders of the listed company reached 2.234 billion yuan, a year-on-year increase of 39.89%. In the third quarter of this year, Ningbo Tuopu Group achieved revenue of 7.13 billion yuan, a year-on-year increase of 42.85%; net profit attributable to the mother company was 0.778 billion yuan, a year-on-year increase of 54.63%; non-net profit was 0.727 billion yuan, a year-on-year increase of 53.68%. Both revenue and non-net profit hit a single-season historical high in the third quarter.

Regarding the reasons for the performance growth, Ningbo Tuopu Group mentioned that the company's broad product line, system development capabilities, and innovative business models in the new energy autos industry are important factors. According to the official WeChat account of Ningbo Tuopu Group, from January to September this year, the company's shock absorbers, interior functional parts, chassis systems, thermal management systems, and automotive electronics achieved revenues of 3.317 billion yuan, 6.024 billion yuan, 6.014 billion yuan, 1.503 billion yuan, and 1.29 billion yuan respectively, with year-on-year growth rates of 12.93%, 25.84%, 31.27%, 28.35%, and 940.32%.

Financial Linked journalists noted that in the first three quarters of this year, the net cash flow from operating activities of the company decreased by 57.78% year-on-year to 1.139 billion yuan. Ningbo Tuopu Group explained that this was mainly due to an increase in bank acceptance bills received during this period.

In terms of domestic production layout, Ningbo Tuopu Group's construction of Phase 8 of the Hangzhou Bay Industrial Park has been completed and entered the equipment debugging phase, while Phase 9 is under construction; factories in Huainan, Anhui, and Huzhou, Zhejiang have started production, and construction of factories in Xi'an, Jinan, Henan, and other regions are ongoing.

On the aspect of internationalization strategy, the Phase 1 project of the North American Mexico Industrial Park has put the first and second factories into operation, with another factory currently in the equipment installation and debugging phase; factories in Austin and Oakland, USA, are progressing steadily; the Phase 2 of the Poland factory is actively planning to lay a foundation for receiving more orders from Europe.

In the first three quarters of this year, Ningbo Tuopu Group's operating costs were 15.255 billion yuan, an increase of 39.29% year-on-year; the company's selling expenses, management expenses, financial expenses, and research and development expenses were 0.228 billion yuan, 0.472 billion yuan, 0.118 billion yuan, and 0.86 billion yuan, with increases of approximately 39.88%, 15.12%, 59.46%, and 21.47% respectively from the same period last year.

It is worth noting that in Q3, Ningbo Tuopu Group's top ten circulating shareholders, seven shareholders increased their shareholding, and three new shareholders entered the top ten circulating shareholders, including two insurance companies.