On April 27, Ge Longhui (688173.SH) released its 2023 annual report, achieving operating income of 394 million yuan, a year-on-year decrease of 29.64%; net profit attributable to shareholders of listed companies - 54.185 million yuan, net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 187 million yuan, with basic earnings per share of 0.46 yuan.
During the reporting period, revenue fell by about 29.64% year on year. The consumer electronics market represented by smartphones and computers remained sluggish in 2023, and demand for consumer electronics products declined. Due to intense competition in the analog chip market, sales prices for some products have declined. At the same time, the industry's inventory level is high, and the company's power management chip sales revenue has declined due to the decline in purchasing volume from end customers in overseas markets. The voice coil motor driver chip business, which was newly developed by the company this year, confirmed the voice coil motor driver chip business revenue according to the net amount method during the business transition phase, which contributed little to the company's overall revenue.