Zhitong Financial APP News, Weitai Chuangke (06133) released its interim results for the six months ended June 30, 2023. The group achieved a profit of 352 million yuan (the same unit below), a decrease of 49.67% compared with the same period last year; the loss attributable to the owners of the company was 8.838 million yuan, an increase of 0.31% over the same period last year; and a loss per share of 1.04%.
As smartphone shipments deteriorated in the first quarter of 2023, the company's business growth was affected and fell accordingly. The management team will take measures to improve efficiency and adopt defensive strategies to minimize the adverse impact on the business. The management team's response strategy is to sacrifice profit margins to attract customers, strictly control operating expenses, and survive in a difficult market.
During the period, the gross profit was $1.3 million, compared with $2.6 million for the same period in 2022. During the period, the gross profit margin was 0.38%, compared with 0.37% for the same period in 2022, which was basically flat.