GLONGHUI, January 26, 丨 Kris (301314.SZ) announced its 2023 annual results forecast. Net profit profit attributable to shareholders of listed companies during the reporting period was 35 million yuan to 40 million yuan, down 61.20% -66.05% from the same period last year; net profit profit after deducting non-recurring profit and loss was 30 million yuan - 35 million yuan, down 62.56%-67.90% from the same period last year.

During the reporting period, the company's operating profit for 2023 declined compared to the previous year, mainly due to the following reasons: (1) the company's core business demand for small magnetic ring coil winding service orders decreased, and sales volume of related products declined year-on-year; (2) the customer cost side faced major challenges, and competition within the small magnetic ring coil winding service industry intensified, and the company lowered the prices of some winding service products in order to consolidate its market share; (3) various management expenses increased compared to the previous year after the company went public. The company's non-recurring profit and loss in 2023 is expected to decrease compared to the previous year, mainly due to a reduction in government subsidies compared to the previous year.