On January 25, Ge Longhui Digital Video (300079.SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 15.5947 million yuan to 22.2781 million yuan, down 80%-86% from the same period last year; net profit loss after deducting non-recurring profit and loss was 6.50 million yuan to 12 million yuan.

The company's customers are mainly concentrated in the radio, television and telecommunications industries. The customer industry upgrade fell short of expectations, leading to delays in the bidding process or delays in project acceptance for some projects, and the company's main business revenue declined year-on-year. Furthermore, during the reporting period, the company sold or accrued depreciation of inventory showing signs of impairment, resulting in a year-on-year decrease in net profit. In the reporting period, the company expects the impact of non-recurring profit and loss in 2023 on current net profit of about $27 million. Non-recurring profit and loss items are mainly investment income from disposal of long-term equity investments and transactional financial assets.