Whirlpool! Surge 342.85%! The company's half-year profit is comparable to the sum of the past three years.

21, Oujing Science and Technology released its official semi-annual report. In the first half of

2023, Oujing Technology realized revenue of 1.455 billion yuan , an increase of 150.19%; Net profit attributable to shareholders of the listed company was RMB 408 million, an increase of 342.85% from RMB 92 million in the same period last year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses. The basic earnings per share was RMB2.12, representing a year-on-year increase of 263.79%.

According to Digital New Energy DNE, the revenue of Oujing Technology in the first half of this year has exceeded the total revenue of last year. In terms of profit, the profit in the first half of this year is about 1.7 times that of the whole year of last year, nearly 2 times ! Among them, the second quarter has earned the profits of the whole year of last year in three months.

In 2022, the company realized revenue of 1.434 billion yuan , and the net profit attributable to shareholders of listed companies was 238 million yuan . The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is 237 million yuan.

According to the first quarter financial report of Oujing Science and Technology this year, the net profit attributable to shareholders of listed companies is 172 million yuan. According to the calculation, the net profit of Oujing Technology attributable to shareholders of listed companies in the second quarter of this year was 236 million yuan.

In addition, the continuous tracking of digital new energy found that the total net profit of Oujing Technology in the three years from 2020 to 2022 was 456 million yuan, while the net profit of Oujing Technology in the first half of this year reached 408 million yuan, almost equal to the total net profit of the past three years. According to

the data, Oujing Science and Technology is mainly based on the industry chain of monocrystalline silicon materials, mainly providing supporting products and services for the production of solar-grade monocrystalline silicon rods and wafers and the recycling of auxiliary materials, including quartz crucible products, silicon material cleaning services and cutting fluid treatment services.

As for the reasons for the surge in revenue in the first half of the year, Oujing Technologies said that it was mainly due to the increase in revenue from photovoltaic quartz crucibles. In the semi-annual report forecast, quartz shares have also been explained: mainly by the downstream market demand and rising raw materials factors. At the same time, due to the impact of large-sized silicon wafers from downstream customers, the number and proportion of large-sized quartz crucibles sold by the Company continued to increase. Compared with small-sized quartz crucibles, the price of large-sized quartz crucibles was higher, and the gross profit margin of quartz crucible business increased, which led to a substantial increase in the operating results of the Company.