On January 25, Gelonghui Optoelectronics (688538.SH) announced the 2023 Annual Results Report. During the reporting period, the company achieved total revenue of 30384.499 million yuan, a decrease of 27.50% over the same period last year. During the reporting period, the company's net profit attributable to the owner of the parent company and net profit attributable to the owner of the parent company after deducting non-recurring profit and loss were negative, with a decrease of more than 50% over the same period of the previous year. Among them, net profit attributable to the owner of the parent company was 3245.1606 million yuan, an increase of 1643.3685 million yuan over the same period last year; net profit attributable to the owner of the parent company after deducting non-recurring profit and loss - $333.4919 million, increased by 1551.2 million yuan over the same period last year.
In 2023, the international landscape was complex and changing, geopolitical conflicts were frequent, the global economy was sluggish, and demand in the consumer electronics market was weak, causing the sales price of AMOLED semiconductor display panel industry products to drop significantly. The sales price reduction of the company's AMOLED semiconductor display panel products was higher than the cost reduction, and gross sales profit declined year-on-year, leading to a year-on-year decline in the company's operating performance in 2023.