Gelonghui, January 26丨Yong Maotai (605208.SH) announced that according to preliminary estimates by the finance department, the company's net profit attributable to the owner of the parent company in 2023 is estimated to be about RMB 21.00 million to RMB 310.00 million. Compared with the same period last year, it will decrease by about 73.1942 million yuan to 63.194,200 yuan, a year-on-year decrease of about 77.71% to 67.09%. The company's net profit in 2023, which is attributable to the owner of the parent company after deducting non-recurring profit and loss, is estimated to be approximately RMB 20.00 million to RMB 30.000 million. Compared with the same period last year, it will decrease by approximately RMB 73.5809 million to RMB 63.5809 million, a year-on-year decrease of about 78.63% to 67.94%.
In 2023, due to increased competition in China's automobile industry, car companies adopted price reduction promotion strategies, and terminal price reductions were transmitted upstream in the industrial chain. The company's aluminum alloy products mainly used the aluminum-based price+processing fee model, and the decline in processing costs led to a decline in gross margin. Faced with these adverse factors, the company will further strengthen technological research, accelerate product development in the field of new technology, strengthen marketing strategies, continuously optimize the customer structure, and adopt measures such as reducing costs and increasing efficiency to enhance the competitiveness of the enterprise.