Furong Technology stated that in the first half of 2023, its revenue was 867 million yuan, a year-on-year decrease of 24.20%; and its net profit attributable to shareholders of listed companies was 161 million yuan, a year-on-year decrease of 33.03%. During the reporting period, due to multiple factors such as the slowdown of macroeconomic growth, geopolitical conflicts, industry cycles, and shrinking consumer demand, the market recovery was lower than expected, and the overall demand in the consumer electronics industry was weak.
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