On January 25, Gelonghui Communications (603236.SH) announced that according to preliminary estimates by the finance department, net profit attributable to the owner of the parent company is expected to be around 85 million yuan in 2023. Compared with the same period last year (statutory disclosure data), it is expected to decrease by about 537,8184 million yuan, a year-on-year decrease of about 86.35%. Compared with the same period last year (financial data after restatement), the estimated decrease is approximately $538,040,800, or about 86.36% year-on-year. Net profit attributable to owners of the parent company after deducting non-recurring profit and loss is expected to be around -800,000 yuan in 2023. Compared with the same period last year (statutory disclosure data), it is estimated to decrease by about 48,983.1 million yuan, a year-on-year decrease of about 101.66%. Compared with the same period last year (financial data after restatement), the estimated decrease is approximately 49,00534 million yuan, or about 101.66% year-on-year.
During the reporting period, due to factors such as the global economic environment and market sentiment, the company's annual revenue in 2023 declined year-on-year. The company expects to achieve revenue of about 13.837 billion yuan in 2023, a year-on-year decrease of about 2.76%. However, since the third quarter, downstream demand in the IoT industry where the company is located has gradually picked up, and the company has continued to explore vertical IoT application fields, which led to an increase in revenue in the fourth quarter, which increased by about 12.02% over the previous quarter. The estimated impact of the company's non-recurring profit and loss on net profit during the reporting period is approximately RMB 93.0 million, mainly investment income generated by foreign currency loans locked in foreign currency and subsidies received.