Gelonghui, January 29丨Jiawei Xinneng (300317.SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 11 million yuan to 16 million yuan, down 87.96%-82.49% from the same period last year; net profit loss after deducting non-recurring profit and loss was 19 million yuan to 24 million yuan, and profit of 13.25 million yuan for the same period last year.

Reasons for changes in performance: 1. Affected by the slow recovery of the US economy, the company's lighting business revenue in the North American market declined sharply during the reporting period, which dragged down a significant year-on-year decline in PV lighting business profits. 2. The exchange rate of RMB against the US dollar appreciated during the reporting period, leading to a sharp decrease in exchange earnings over the same period last year. 3. Performance compensation and government subsidies decreased by about 61 million yuan year-on-year during the reporting period, resulting in a sharp year-on-year reduction in non-recurring profit and loss. Among them, the company received 48 million yuan in performance compensation in 2022, and there will be no performance compensation in 2023. 4. During the reporting period, the impact of non-recurring profit and loss on net profit was approximately RMB 35 million, mainly due to impairment of accounts receivable that received government subsidies and underwent separate impairment tests to be reversed.