Hengxi Electronic hits a two-year low, with a 36.34% year-on-year decr

Published: Feb 1, 2024 11:20

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Hengxi Electronic hits a two-year low, with a 36.34% year-on-year decrease in net profit in 2023. Revenue from consumer electronics products decreased by 11.39% year-on-year. On February 1st, Hengxi Electronic announced that its total operating revenue for 2023 was 60.792 billion yuan, a decrease of 11.27% year-on-year. The net profit attributable to shareholders of the listed company was 1.948 billion yuan, a decrease of 36.34% year-on-year. Among them, revenue from automotive electronic products increased by 10.18% year-on-year, revenue from communication products decreased by 14.93% year-on-year, and revenue from consumer electronics products decreased by 11.39% year-on-year.

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