On January 24, Ge Longhui (688661.SH) announced the 2023 annual results forecast. According to preliminary estimates by the company's finance department, net profit attributable to owners of the parent company is expected to be -22 million yuan to -15 million yuan in 2023. Compared with the same period last year (statutory disclosure data), it will decrease by 53.13 million yuan to 60.13 million yuan, a year-on-year decrease of 139.34% to 157.70%. The company expects to achieve net profit of 41 million yuan to 34 million yuan after deducting non-recurring profit and loss attributable to the owner of the parent company in 2023. Compared with the same period last year (statutory disclosure data), it will decrease by 58.4 million yuan to 65.4 million yuan, a year-on-year decrease of 239.34% to 268.03%.
During the reporting period, due to factors such as declining global economic growth and changes in the overall macroeconomic and semiconductor cycle, consumer electronics and other terminal markets declined, industry competition intensified, and product prices and sales declined, leading to a decline in the company's sales. Facing a difficult external environment, the company has taken many measures to continue to maintain high investment in R&D, continue to enrich and optimize product categories and structures, continuously develop market areas and customer groups, increase domestic and foreign markets and R&D personnel, and increase overseas base construction, etc., which has led to an increase in the company's R&D expenses and operating costs, which has led to a decline in net profit.