Jielong Technology hits a four-month low today, with net profit forecasted to be in deficit for 2023 due to decreased demand and shipment volume in the terminal product market, primarily smartphones.
On January 31st, Jielong Technology announced an estimated net loss of approximately 75-108 million yuan for 2023. The company's operating income is projected to decrease in 2023, leading to a negative net profit attributable to shareholders of the listed company. The decline is attributed to a decrease in demand and shipment volume for terminal products, primarily smartphones, as well as a decrease in the company's product order volume and unit price.
