Orders in hand amount to 11.5 billion! Ottway, a new energy equipment manufacturer, increased profits in the first three quarters.

Recently, Otway released the 2023 quarterly report, the company achieved revenue of 4.239 billion in the first three quarters, an increase of 76.74% year-on-year; net profit of 851 million, an increase of 79.52% year-on-year. Among them, the third quarter achieved revenue of 1.722 billion yuan, an increase of 94.38% over the previous year, and net profit of 329 million yuan, an increase of 87.64% over the previous year.

Otway said that compared with the same period last year, the company's customers increased their product procurement efforts, thus achieving a steady growth in sales revenue during the period.

In the third quarterly report, the company said that as of & nbsp; On September 30, 2023, the company signed new orders of 8.992 billion yuan (including value-added tax, unaudited), of which 3.212 billion yuan were signed in July-September.

As of September 30, 2023, the company's orders in hand amounted to 11.483 billion yuan (including value-added tax, unaudited). Compared with January-September 2022, new orders increased by 75.93% and orders in hand increased by 76.34%. According to the

data, Ottway is a manufacturer of intelligent equipment in the fields of photovoltaic, lithium power and semiconductor, and owns subsidiaries such as Ottway Intelligence, Pine Porcelain Mechatronics, Ottway Xurui, Ottway Core and Liduo Technology. The company's products are mainly used in photovoltaic industry , lithium power industry, semiconductor industry sealing and testing links.

By the end of 2022, the company's main revenue components were: equipment manufacturing accounted for 88.41%, and transformation and others accounted for 11.55%.