Gelonghui July 14?Pearl River Piano (002678.SZ) announced its semi-annual performance forecast for 2023. During the reporting period, the net profit belonging to shareholders of listed companies was 20 million yuan to 26 million yuan, down 59.48% and 68.83% compared with the same period last year. Net profit after deducting non-recurring profits and losses was 18 million yuan to 23 million yuan, down 60.32% and 68.95% compared with the same period last year.
In the first half of 2023, due to the influence of market consumption environment and education policy, the overall demand for musical instruments was weak, superimposed by the rise in raw material prices, exchange rate fluctuations, foreign trade exports and other factors, the company's operating income and net profit decreased in the first half of 2023 compared with the same period last year.