Gelonghui, Feb. 23: Danghong Technology (688039.SH) announced its 2023 annual results report. During the reporting period, the company achieved total revenue of 333.4825 million yuan, an increase of 0.62% over the same period of the previous year; net profit attributable to owners of the parent company was 133.1082 million yuan, down 35.01% from the same period last year; net profit attributable to owners of the parent company after deducting non-recurring gains and losses - 136.202 million yuan, a decrease of 33.70% from the same period last year.

During the reporting period, the company's total revenue increased slightly compared to the same period of the previous year, but the company's overall profit situation declined. The main reason was that the market competition in the company's industry was still very intense during the reporting period. In order to cope with the complex market pattern, the company maintained the company's competitiveness in products, talents, and markets through continuous investment in R&D, implementation of new equity incentive plans, and further expansion of domestic and foreign markets, which led to a significant increase in the company's expenses compared to the same period last year.