Summary by Moomoo AI
BYADY ELECTRONICS (INTERNATIONAL) CO., LTD. (“BYADY ELECTRONICS”) ISSUED A PROFIT FORECAST ON JANUARY 29, 2024. THE PROFIT EXPECTED TO SHAREHOLDERS FOR 2023 WILL REACH RMB389,376 MILLION TO RMB414,376 MILLION, A SIGNIFICANT INCREASE OF 110% TO 123% FROM RMB185,762M IN THE SAME PERIOD LAST YEAR. The growth was mainly driven by an increase in the share of large overseas customer business, a warming in demand for Android customers, and the rapid growth of new energy cars and new smart products businesses. The continued expansion of the Company's business size, a marked increase in capacity utilization, further optimization of the business structure and a significant improvement in profitability have all contributed to the significant growth in profitability. The Board of Directors reminds shareholders and potential investors that the above data is a preliminary assessment and notes that final results will be announced before the end of March 2024. Actual figures may differ from forecasts.