Gelonghui, January 25, 丨 Xianying Technology (301067.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 18 million yuan to 23 million yuan, down 68.45%-75.31% from the same period last year; net profit profit after deducting non-recurring profit and loss was 16 million yuan to 20 million yuan, down 69.57%-75.65% from the same period last year.
During the forecast period, the company's performance declined compared to the same period last year. The main reasons are: 1. Affected by the domestic and foreign economic environment, consumer demand was greatly suppressed, demand in the company's industry declined, demand for terminal market products declined, 3C market performance was weak, and overseas orders and the company's export revenue declined accordingly. 2. The company's new production base in Huizhou was in the small-batch trial production and production capacity climbing phase from January to September 2023. Personnel costs increased, and production efficiency was low in stages. At the same time, in order to maintain business in the US market, in response to market demand, the company set up a production subsidiary in Vietnam and reached mass production status in December 2023. The initial establishment and operation of overseas subsidiaries increased the company's costs. 3. In order to meet the needs of the company's future product layout and business development, the company continues to increase the introduction of high-end talents and investment in R&D. The company continues to promote R&D and technological innovation around R&D projects, actively expand sales channels, participate in major exhibitions at home and abroad, and increase market development and customer maintenance efforts, which has led to an increase in costs during the period.