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光电股份(600184.SH)：上半年净利润642万元 同比降低80.1%

North Electro-Optic (600184.SH): The net income in the first half of the year was 6.42 million yuan, a year-on-year decrease of 80.1%.

Gelonghui Finance ·  Aug 14 04:56

On August 14th, Gelon announced its semi-annual report. In the first half of 2024, the company achieved revenue of CNY714.33 million, a decrease of 30.98% year-on-year, achieved net profit attributable to the parent company of CNY6.42 million, a decrease of 80.10% year-on-year, and achieved non-net profit attributable to the parent company of -CNY1.39 million, a decrease of 104.56% year-on-year. The main reasons are: First, the delivery of defense products in this period reduced, and the revenue of Xiguang Defense decreased by 53.84% year-on-year in the first half of the year, which in turn affected Xiguang Defense's net profit for the period with a large decline year-on-year. Second, some downstream markets increased the demand for optoelectronic materials and components, resulting in order growth. In the first half of the year, Xinhua Optoelectronics achieved a revenue increase of 31.92% year-on-year, but affected by the competition in the traditional end optical market, some product gross profit margins decreased year-on-year, which in turn affected Xinhua Optoelectronics's net profit for the period with a decline year-on-year. Third, due to the increase of non-performing items in this period, the net profit attributable to the parent company after non-performing items and earnings per share both decreased by a greater extent than the year-on-year decrease before non-performing items. In addition, during the reporting period, the company closely monitored the product settlement progress, received an increase in cash payment, and at the same time, the cash purchasing expenditure for production materials decreased year-on-year, resulting in a net cash inflow of CNY73.17 million generated from operating activities, an increase of CNY0.407 billion in net cash flow year-on-year.

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