On the evening of October 24th, Quartz Co., Ltd. (603688) released its third quarter report of 2023. In the third quarter, the company achieved operating income of 2.466 billion yuan, an increase of 359.51% year-on-year; net profit attributable to listed company shareholders was 1.776 billion yuan, an increase of 531.40% year-on-year.

In the first three quarters, the company achieved operating income of 5.9 billion yuan, an increase of 378.27% year-on-year; net profit attributable to listed company shareholders was 4.207 billion yuan, an increase of 638.32% year-on-year. R&D expenses during the reporting period were 108,477,300.70 yuan, compared with 41,780,376.08 yuan in the same period of last year, an increase of 159.64%.