Xinli International (00732) announced its annual results for the year ended December 31, 2023, and the group obtained a profit of 15...
According to the Zhitong Finance App, Xinli International (00732) announced the results for the year ended December 31, 2023. The group obtained revenue of HK$15.588 billion, a year-on-year decrease of 19.2%; the company owners should account for the current year's profit of HK$263 million, a year-on-year decrease of 17.4%; profit per share was 8.31 HK cents, with a final dividend of HK5 cents per share.
The Group's revenue of HK$15.59 billion in 2023 decreased by about 19.2% compared to 2022. The main reason was the decline in smartphone business revenue, while the Group's gross margin was about 8.5%, an increase of about 0.8% over 2022.
Looking ahead to 2024, the global economic environment is still full of uncertainty, and the competitive environment is full of challenges. The company continues to focus on display module products, including smart phones, smart wearables, automotive and professional displays (industrial, medical, smart home, Internet of Things), printed circuit boards and electronic consumer products businesses, maintains deep interactive communication with customers and partner brands, and continues to invest in human resources and technology research and development resources in various businesses to improve product design and process capabilities to meet customer needs. The management will continue to control costs and expenses to improve the competitiveness of the Group's products. Sales in the first two months of 2024 increased significantly compared to 2023. We are confident that we will achieve steady growth in performance in 2024.