Haitian Antenna (08227) announced the results for the nine months ended September 30, 2023. The group earned revenue for the people...
According to the Zhitong Finance App, Haitian Antenna (08227) released results for the nine months ended September 30, 2023. The group obtained revenue of RMB 7.9604 million (same unit), a year-on-year decrease of 52.18%; net loss attributable to owners of the parent company was RMB 16.5645 million, a decrease of 9.9% over the previous year; and a basic loss of 0.00873 yuan per share.
During the period, due to reduced investment by the three major operators, the product production and business promotion process of the Group's mobile communication products slowed down, thus affecting the Group's overall performance. As far as agricultural products are concerned, live chicken farming is affected by the increase in feed purchase prices and farming costs. The company suspended live chicken farming operations from the third quarter of 2022 and leased existing facilities to other operators, and only obtained sales revenue from related agricultural and sideline products during the period. The operating revenue of the business segment relating to the sale of antenna products and the provision of related services decreased from about $10.55 million in the same period in 2022 to about $4.58 million for the nine months ending September 30, 2023, accounting for about 65% of the Group's main business revenue.