Goldway Electronics (01415) rose more than 9% after the results. As of press release, it rose 9.56% to HK$19.26, with a turnover of HK$117 million.
The Zhitong Finance App learned that Gaowei Electronics (01415) rose more than 9% after the results. As of press release, it had risen 9.56% to HK$19.26, with a turnover of HK$117 million.
According to the news, Gaowei Electronics announced its 2023 results, with revenue reaching approximately US$924 million, a year-on-year decrease of about 17.23%. Net profit attributable to equity shareholders of the company reached approximately US$46.589 million, a year-on-year decrease of about 44.74%. Basic earnings per share were 5.5 cents. According to the announcement, the decline in revenue was mainly due to a decrease in customer orders.
CICC indicated that the 2023 results were slightly lower than expected. The bank pointed out that although the 2023 performance is under short-term pressure, looking ahead to 2024, Gaowei Electronics is closely cooperating with major North American customers and is expected to gain further share in the field of mobile phone rear cameras and MR camera modules. In the medium to long term, Gao Weizheng has gradually become one of Lixun Group's important strategic puzzles, and the company's performance growth rate is expected to be superior to that of the mobile phone optical industry.