According to the Zhitong Finance App, Lanqi Technology (688008.SH) disclosed its 2023 annual report. During the reporting period, the company achieved revenue of 2,286 billion yuan, a year-on-year decrease of 37.76%; net profit to mother of 451 million yuan, a year-on-year decrease of 65.3%; deducted non-net profit of 370 million yuan, a year-on-year decrease of 58.11%; and basic earnings per share of 0.4 yuan. The company plans to pay a cash dividend of 3 yuan (tax included) for every 10 shares.
In 2023, due to customer inventory removal due to a decline in demand in the global server and computer industry, shipments of the company's DDR4 memory interface chips and CPUs decreased significantly compared to the same period last year.
The main reasons for the decline in net profit include: (1) operating income decreased by 37.76% compared to the same period last year; (2) total income from investment income and fair value changes decreased by 462 million yuan compared to the same period of the previous year; (3) the company maintained high-intensity R&D investment. R&D expenses during the reporting period were 682 million yuan, an increase of 21.00% over the same period last year; (4) the company's calculated asset impairment loss was 193 million yuan, an increase of 166 million yuan over the same period last year.