Huaxian Optoelectronics (00334) announced that the group expects profit attributable to the owners of the company's parent company to decrease year-on-year in 2023 to...
According to Zhitong Finance App News, Huaxian Optoelectronics (00334) announced that the group expects the profit attributable to the owners of the company's parent company to be reduced by at least 90% year-on-year in 2023, and the profit attributable to parent company owners is RMB 169 million in 2022.
According to the announcement, the decrease in profit was mainly due to factors such as uncertain global economy and sluggish mobile phone market performance, which put pressure on the Group's average sales price and gross margin; and exchange rate fluctuations during the relevant period, which caused the Group to obtain liquidation losses on derivative financial instruments (such as forward foreign exchange contracts used to hedge against the Group's foreign currency risk and interest rate risk) of about RMB 50 million.