According to the Zhitong Finance App, Siwei Technology (01202) announced its 2023 annual results, with total operating revenue of 404 million yuan (RMB, same below), an increase of 32.8% over the previous year; net profit attributable to owners of the parent company was 2.7717 million yuan, a loss of 2,224 million yuan for the same period last year; basic earnings per share were 0.01 yuan.
The reason for the increase in sales during the period was the increase in sales of cable component products and cable products this year, business revenue increased by about 144% and 126%, respectively, and various measures were taken to control costs.