Zitong Financial App News, Qifan Cable (605222.SH) disclosed its half-yearly report for 2023. During the reporting period, the company realized revenue of 10.667 billion yuan, up 30.66% from the same period last year; net profit of 247 million yuan, down 18.54% from the same period last year; deducting non-net profit of 177 million yuan, down 40.18% from the same period last year; and basic earnings per share of 0.59 yuan.
During the reporting period, operating income increased by 30.66% compared with the same period last year, mainly due to the increase in sales orders. During the reporting period, the net profit belonging to shareholders of listed companies decreased by 18.54% compared with the same period last year, mainly due to (1) the reduction of product gross profit due to the concession of sales to expand market share. (2) the loan increases and the financial cost increases. (3) the investment in R & D increases and the cost of R & D increases.