Summary by Moomoo AI
XINLI INTERNATIONAL CO., LTD. ANNOUNCED ITS 2023 ANNUAL RESULTS, WITH REVENUE DECLINING 19.2% YEAR-ON-YEAR TO APPROXIMATELY HK$155.9 BILLION, MAINLY AFFECTED BY LOWER EARNINGS FROM ITS SMARTPHONE BUSINESS. Company owners' profit also decreased 17.4% to HK$2.63 million. Basic earnings per share decreased from HK$9.77 cents to HK$8.31 cents last year. Despite the decline in revenue, the gross margin increased marginally from 7.7% to 8.5%. Shinli International invests in R&D and will invest approximately HK$6.58 million in 2023. Looking ahead to 2024, the company faces global economic uncertainty and competitive challenges, with management saying it will focus on display module products and non-display businesses and control costs to improve competitiveness. The Board of Directors proposes a final dividend of HK$5 cents per share, in line with the same period last year.