Gelonghui, January 26丨Wuhan Fangu (002194.SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 820.00 million yuan to 90.2 million yuan, down 66.69% — 70.31% from the same period of the previous year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 707.099 million yuan - 800.99 million yuan, down 69.23% — 73.04% from the same period last year; basic earnings per share were 0.201 yuan/share — 0.130.48 yuan /share.

Reasons for changes in performance: 1. During the reporting period, the growth rate of the wireless access network market slowed down. At the same time, due to factors such as industry inventory removal, the company's RF device product orders declined, and operating income decreased by about 486 million yuan year on year; 2. During the reporting period, the company continued to increase its scientific and technological innovation and product development efforts, and R&D expenses increased by about 8.68 million yuan year on year; 3. During the reporting period, the company calculated a decrease in interest income due to a decrease in exchange rate fluctuations in the US dollar exchange rate and a decrease in interest income from financial institution deposits; 4. During the reporting period, the company calculated that interest income decreased due to changes in the US dollar exchange rate; 4. The total amount of credit impairment losses and asset impairment losses raised increased by about 10.41 million yuan over the same period; 5. The company headquarters made up for the previous year's deductible losses in the previous year, and the company expects to obtain sufficient taxable income to offset temporary differences in the future period. Therefore, according to corporate accounting standards, the company confirmed 44.6584 million yuan in deferred income tax assets that can be deducted from temporary differences in the previous year.