Yubang New Material issued a performance forecast for the first three quarters on October 11, predicting a net profit of 105 million yuan to 130 million yuan in the first three quarters, an increase of 38.96% to 72.04% over the same period last year. After deducting non-recurring profits, net profit was 100 million to 125 million, an increase of 37.06% to 71.33% over the same period last year. In addition, the net profit attributable to shareholders of listed companies in the third quarter of 2023 is expected to be 45 million to 50 million yuan, an increase of 68.00% to 86.66% over the same period last year.
The company pointed out that, benefiting from the high overall prosperity of the photovoltaic industry , the demand for photovoltaic tin-coated solder strips in the downstream component market continued to be strong, which led to the steady growth of the company's revenue. The company insists on developing mass-produced solder strip products based on market demand. With the increasing demand for photovoltaic solder strip products for TOPCon modules, the sales volume of SMBB solder strip products suitable for such modules has increased significantly, which further improves the profitability of the company.
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