Gelonghui, January 29丨Haiguang Co., Ltd. (301063.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 520-60 million yuan, down 34.55%-43.27% from the same period last year; net profit after deducting non-recurring profit and loss of 4200-50 million yuan to 50.00% over the same period last year; basic earnings per share were 0.50 yuan/share - 0.57 yuan/share.
The main reasons for the decline in the company's performance during the reporting period are as follows: 1. Wind power equipment forging revenue and gross profit declined. In 2023, tender prices in the fan market continued to fall, capacity consumption was slow, and prices were drastically reduced throughout the entire industry chain. Under this general environment, the company's wind power business has been greatly affected. During the reporting period, the company expects sales revenue of wind power equipment forgings to reach 530 million yuan, a year-on-year decrease of 29.6%; product gross margin also declined significantly compared with the same period. 2. Accumulate asset impairment losses. In 2023, the company conducted asset impairment tests based on comprehensive factors such as changes in the competitive environment in the wind power market and sales forecasts. There were signs of impairment in products and inventory products.
Facing fierce market competition and the current state of the industry, starting from the second quarter of 2023, the company will gradually adjust the industrial structure according to the characteristics of existing equipment. During the reporting period, oil and gas equipment forgings achieved sales revenue of 520 million yuan, an increase of 35.3% over the previous year; the sales share increased from 28.46% in 2022 to 44.85%.