Mingzhi Technology (688355.SH) released its 2023 annual performance report. During the reporting period, the company's total revenue was...
Zhitong Finance App News, Mingzhi Technology (688355.SH) released its 2023 annual performance report. During the reporting period, the company's total operating revenue was 535 million yuan, down 12.72% year on year; net profit attributable to owners of the parent company was 15.5951 million yuan, a year-on-year decrease of 57.88%; net profit attributable to owners of the parent company after deducting non-recurring profit and loss - 6.201,700 yuan, a year-on-year decrease of 162.85%.
During the reporting period, due to the downturn in the global economic environment, the impact of weak downstream demand in the market did not completely dissipate. Competition in the industry intensified, causing the company's sales to fall short of expectations. Among them, the decline in sales revenue from aluminum alloy castings was the main reason for the decline in the company's revenue.