Sanbao Technology (01708) announced interim results with net profit of 26.197 million yuan

Zhitong Finance ·  Aug 15, 2023 10:13

Zhitong Financial APP News, Sanbao Technology (01708) released its results for the six months ended June 30, 2023, with operating income of 293 million yuan (RMB, the same below), down 44.9% from the same period last year; net profit belonging to shareholders of the parent company was 26.197 million yuan, compared with a loss of 7.1085 million yuan in the same period last year; basic earnings per share was 0.033 yuan.

The decrease in total revenue during the period was mainly due to a decrease in sales revenue from smart terminals during the period under review. The gross profit margin during the period increased from about 8.65% in the same period last year to about 20.73%. The main reason is that after the end of the epidemic, the group strengthened project management during the review period, promoted the implementation of the project, and the gross profit margin returned to the previous normal level.

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