Zhitong Finance App News, Netcom Software (603189.SH) disclosed its 2023 annual report. The company achieved revenue of 295 million yuan during the reporting period, a year-on-year decrease of 6.67%. The net loss attributable to shareholders of the listed company was RMB 83.43 million, and the net loss attributable to shareholders of the listed company after deducting non-recurring profit and loss was RMB 94.1631 million, which changed from profit to loss over the previous year. It is proposed to distribute a cash dividend of $1.00 (tax included) for every 10 shares.
In 2023, the impact of weak market and industry demand was not completely eliminated. Affected by increased competition in the industry, the execution cycle of some of the company's projects has been extended and the execution difficulty has increased. Due to continuous personnel investment, project costs have increased, which has affected the company's overall gross margin level. In addition, the company focuses on innovation in the application field of large media models, and continues to promote commercialization of virtual reality technology and technological iteration of video AI technology in vertical industries. R&D expenses have increased compared to the same period last year.