Gelonghui, Feb. 22 | Jiulian Technology (688609.SH) announced the 2023 annual performance report. The company's total revenue for 2023 was 217.3769 million yuan, down 9.67% year on year; operating profit of 236.2764 million yuan, down 470.93% year on year; total profit - 244.6797 million yuan, down 508.50% year on year; net profit attributable to the owner of the parent company was 198.732 million yuan, a year-on-year decrease of 429.38%. Net profit attributable to the owner of the parent company after deducting non-recurring profit and loss -1939.573 million yuan, a year-on-year decrease of 416.50%. Total assets at the end of the reporting period were 2991.8611 million yuan, an increase of 6.11% over the previous year; owners' equity attributable to the parent company was 1025.097 million yuan, a decrease of 20.42% over the previous year.
In 2023, affected by the global economic environment, macroeconomic environment and the semiconductor downturn cycle, the downstream market demand in the digital set-top box and network communication equipment industry in which the company is located has not fully recovered. At the same time, due to increasing competition in the domestic operator market, to further consolidate and maintain market position and share in order to cope with the downturn in the market and inventory pressure, the bid price and winning bid price of various manufacturers, including the company, dropped significantly under the bidding system, causing the unit sales price of the product to drop sharply. In addition, during the reporting period, the company continued to increase the development of new products, new businesses and overseas markets, and continued to increase investment in R&D of new products such as Hongmeng ecology and robots, and introduced outstanding talents from the industry, leading to a year-on-year increase in R&D expenses. Furthermore, during the reporting period, due to the long repayment cycle of downstream customers, the company used more loans from financial institutions, which led to an increase in interest expenses. Combined with the above factors, there was a loss in the company's performance during the reporting period.