on the evening of october 26, kaizhong shares announced its third quarter report for 2023. in the first three quarters, the company achieved operating income of 487 million yuan, a year-on-year increase of 10.74%; net profit attributable to shareholders of listed companies was 54.0293 million yuan, a year-on-year increase of 4.54%. among them, in the third quarter, the company achieved operating income of 185 million yuan, a year-on-year increase of 11%; net profit attributable to shareholders of listed companies was 23.5113 million yuan, a year-on-year decrease of 5.49%.
the company's main business is in the automotive parts manufacturing industry. it is mainly engaged in the design, research and development, production and sales of shock-absorbing components for automobile chassis suspension systems and lightweight pedal assemblies for control systems, as well as high-performance polyurethane bearings in the field of non-auto parts. r&d, production and sales of special polyurethane elastomers such as wheels.
recently, the company said in an investor survey that polyurethane buffer blocks have a high technical threshold, there are few market participants, and product prices are relatively stable. at present, the main manufacturers of the buffer block business are , kaizhong and vibach. compared with , the company's advantages lie in quick response and customer service. kaizhong's domestic share is 36%, which has increased; its international market share is still very small, and there is broad room for development. this is also the main reason for the company to build a mexican factory and pursue an internationalization strategy.
