According to the Zhitong Finance App, Chishida (06918) announced the results for the year ended December 31, 2022. The group obtained revenue of RMB 169 million (same unit), a decrease of 40.31% over the previous year; company owners should have lost 76.658 million yuan, compared with a profit of 26.686 million yuan in the same period last year; a loss of 14.7 points per share.
The announcement said that the decline in earnings was mainly due to the impact of COVID-19 and the company's office in China was forced to close, leading to a sharp drop in sales revenue in China. Second, in order to speed up inventory turnover and reduce risk, some of the raw materials and electronic components in stock will be sold to customers at a low margin during the period.