Gelonghui, January 26 | Jiulian Technology (688609.SH) announced that according to preliminary estimates by the finance department, it is expected to achieve operating income of about 2,166 billion yuan in 2023. Compared with the same period last year, it will decrease by about 237 million yuan, a year-on-year decrease of about 9.86%. The net profit attributable to the owners of the parent company is expected to be approximately RMB 17.95 million to RMB 20.55 million in 2023. Compared with the same period last year, it will decrease by about RMB 239.834,800 to RMB 26,583.48 million, a year-on-year decrease of 397.51% to 440.60%. In 2023, net profit attributable to owners of the parent company after deducting non-recurring profit and loss is expected to be about -176.30 million yuan to -20.23 million yuan. Compared with the same period last year, it will decrease by about 237.5821 million yuan to 263.5821 million yuan, a year-on-year decrease of 387.69% to 430.11%.
The company's revenue declined compared to the same period last year. The main reason is that in 2023, due to the impact of the global economic environment, macroeconomic environment and semiconductor downturn cycle, the downstream market demand in the digital set-top box and network communication equipment industry has not fully recovered. At the same time, due to increasing competition in the domestic operator market, in order to further consolidate and maintain market position and share to cope with market downturn and inventory pressure, the bid price and winning bid price of various manufacturers, including our company, dropped significantly. . In addition, during the reporting period, the company continued to increase the development of new products, new businesses and overseas markets, and continued to increase investment in R&D of new products such as Hongmeng ecology and robots, and introduced outstanding talents from the industry, leading to a year-on-year increase in R&D expenses. Furthermore, during the reporting period, due to the long repayment cycle of downstream customers, the company used more loans from financial institutions, which led to an increase in interest expenses. Combined with the above factors, there was a loss in the company's performance during the reporting period.