Gehua Cable (600037.SH) disclosed its 2023 annual results report. The company achieved total operating revenue during the reporting period...
According to Zhitong Finance App News, Gehua Cable (600037.SH) disclosed its 2023 annual performance report. The company achieved total revenue of 2,434 billion yuan during the reporting period, a year-on-year decrease of 0.32%. The net loss attributable to shareholders of listed companies was 177 million yuan, which changed from profit to loss over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was RMB 16.1473 million, turning a year-on-year loss into a profit.
During the reporting period, the company's performance changed from profit to loss year over year, mainly due to the large year-on-year decline in the market value of Guiguang Network shares held by the company, compounded by heavy torrential rains in July 2023 causing asset losses to the company. The company's net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss increased by 53.4965 million yuan over the same period last year, mainly due to the company's 5G business, government and enterprise business growth, and the decline in fixed asset depreciation compared to the same period last year.