-2.66 billion! Rainbow's net profit plunged 199.72% in 2022.

2023-04-20 14:03:15

In 2022, Rainbow achieved annual revenue of 8 billion 967 million, down 40.95% from the previous period.

Digital building materials DataBM. Com April 20 news, 19 evening Rainbow shares released 2022 results, of which 2022 achieved annual revenue of 8.967 billion, down 40.95% from the previous period; Net profit attributable to shareholders of the listed company was -2.662 billion, representing a sharp decrease of 199.72% as compared with the previous period. Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss was -3.48 billion, representing a decrease of 239.89% as compared with the same period last year. Basic earnings per share-0.74 yuan, down 200% year on year. During the

reporting period, Rainbow produced 16.8939 million LCD panels and 5.0888 million LCD glass substrates, an increase of 6.31% and 22.63% respectively over the same period last year.

In terms of products , in 2022, the LCD panel business realized revenue of 7.731 billion yuan, down 43.13% year-on-year; operating cost of 9.886 billion yuan, up 3.07% year-on-year; gross profit margin of -27.87%, down 57.31 percentage points year-on-year. During the

reporting period, the Company's glass substrate business achieved a revenue of RMB910 million, representing an increase of 12.64% as compared with the previous year; the cost of sales was RMB804 million, representing an increase of 47.45% as compared with the previous year; the gross profit margin was 11.62%, representing a decrease of 20.86 percentage points as compared with the previous year.

In response to the sharp decline in revenue and profits during the reporting period, Rainbow shares said that due to global inflation, geopolitical conflicts, energy crisis and other macro-environmental impacts, the market for consumer electronics terminal products was depressed and demand contracted. In the future, the company will continue to promote the operation of all factors to reduce costs and increase efficiency, take market consolidation and expansion as the lead, take product iteration and upgrading and quality improvement as the support, continue to optimize the supply chain and operation management system, deepen the reform of organizational and personnel efficiency, promote the construction of digital management system, and further improve the company's management. Strive to achieve the business objectives of 2023.

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Correlation

In 2022, Rainbow achieved annual revenue of 8 billion 967 million, down 40.95% from the previous period.

2023-04-20 14:03:15