Tongyizhong (688722.SH) released its 2023 annual performance report. In 2023, the company achieved total revenue...
According to Zhitong Finance App News, Tongyizhong (688722.SH) released the 2023 annual performance report. In 2023, the company achieved total operating revenue of 640 million yuan, an increase of 3.89%; realized net profit attributable to owners of the parent company was 154 million yuan, a year-on-year decrease of 9.86%; and realized net profit attributable to owners of the parent company after deducting non-recurring profit and loss of 146 million yuan, a year-on-year decrease of 1.22%.
Market demand slowed during the reporting period due to the slowdown in global macroeconomic growth and the reduction in the intensity of international conflicts. The company gave full play to its advantages in production technology, capacity layout and supply chain management to increase production capacity, reduce costs, and achieve an increase in operating income. In order to maintain the advanced nature of the company's technology and continuously enhance the competitiveness and market share of the company's products, the company increased investment in R&D, personnel recruitment and marketing, thereby increasing costs during the period. During the reporting period, corporate government subsidies were reduced, and bank deposit earnings declined.