Gelonghui, January 26 | Southern Precision Industries (002553.SZ) announced its 2023 annual performance forecast. Net profit profit attributable to shareholders of listed companies during the reporting period was 19.2 million yuan to 28 million yuan, down 60%-42% from the same period last year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 81.56 million yuan - 98 million yuan, an increase of 0% to 20% over the same period last year; basic earnings per share were 0.0552 yuan/share - 0.0805 yuan/share.
During the reporting period, the company's main business grew steadily. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss increased year-on-year, mainly due to the company's continuous increase in R&D investment, product innovation and iterative upgrades, which led to a steady increase in the company's sales revenue. On the one hand, sales of the company's unidirectional pulley assembly products increased dramatically during the reporting period; on the other hand, the company's precision needle roller bearing parts products continued to innovate, and new product tests were passed and mass-produced in several key projects, boosting the company's sales revenue rapidly. At the same time, the company has continuously optimized management processes, steadily promoted management measures to reduce costs and increase efficiency, and increased product gross profit margin.
During the reporting period, the company's net profit attributable to shareholders of listed companies declined mainly due to the fact that the company was the majority shareholder of Jiangsu Pan Asia Micro Technology Co., Ltd. (hereinafter referred to as “Pan Asia Micro”) before the IPO. After the listing on Pan Asia Micro, the company's shares held by the company were adjusted to fair value according to its stock price. During the reporting period, the share price of Pan Asia Weitu shares fell in the secondary market, and the resulting fair value change income is expected to have an impact of about -81.79 million yuan on the company's pre-tax profit during the reporting period, thereby reducing net profit attributable to shareholders of listed companies. This project is an unrecurring profit and loss.
