Wan Yu Technology (00894) announced that the group expects to obtain about 300 net profit attributable to shareholders in 2023...
According to the Zhitong Finance App, Wan Yu Technology (00894) announced that the Group expects to obtain net profit attributable to shareholders of approximately HK$3 million to HK$5 million in 2023, while net profit attributable to shareholders as of 31 December 2022 (2022) is approximately HK$42.7 million. The board of directors believes that the expected decline in net profit attributable to shareholders in 2023 is mainly due to a decline in gross profit due to a 20% drop in sales revenue compared to 2022. The electronics industry was dragged down by end customers taking longer than expected inventory removal cycles, leading to a decline in demand for the Group's products; and a sharp increase in interest rates in 2023 led to an increase in financial costs.