Summary by Futu AI
SUISONIC TECHNOLOGIES ANNOUNCED ON 31 DECEMBER 2023 THE RESULTS FOR THE YEAR ENDED 31 DECEMBER OF THE SAME YEAR. In the year, the Group achieved revenues of RMB204.2 billion, a slight decrease of 1.0% compared to the same period last year. Gross profit was RMB34.5 billion, down 8.6%, while net profit was RMB7.4 billion, down 9.9%. For the full year, the Group's gross margin was 16.9%, down 1.4 percentage points from last year. The Group's global smartphone shipments fell 3.2% year-on-year in 2023, but demand in the mid-to-high-end smartphone market recovered first in the second half. The Group announced on 10 August 2023 the acquisition of Acoustics Solutions International B.V., and completed the first batch of transactions on 9 February 2024, which is expected to have a positive impact on the Group's revenues and profits. In addition, the Group completed a share buyback and bond buyback in 2023, and continued to invest in talent and R&D centers to drive innovation and technological progress.