According to the Zhitong Finance App, Yinglova (000795.SZ) released its 2023 annual results forecast. Net profit attributable to shareholders of listed companies is expected to be 70 million yuan to 105 million yuan for the whole year, a year-on-year decrease of 59.39%-72.93%.

During the reporting period, the company's magnetic materials business was affected by the continuous decline in upstream raw material prices and increased market competition in major downstream application areas. Product prices and gross margin declined, leading to a decline in the company's net profit.