According to Zhitong Finance App News, Fortune Precision (688409.SH) released its 2023 annual performance report. During the reporting period, it achieved total operating revenue of 2,066 billion yuan, an increase of 33.78%; realized a total profit of 180 million yuan, a year-on-year decrease of 32.58%; realized net profit attributable to owners of the parent company of 158 million yuan, a year-on-year decrease of 35.58%; realized net profit attributable to owners of the parent company after deducting non-recurring profit and loss of 79.075 million yuan, a year-on-year decrease of 55.17%.

During the reporting period, the company's revenue continued to grow, benefiting from increased demand in the domestic semiconductor market and driven by demand for localization of components. Due to changes in the company's product structure and customer structure, production capacity utilization at the new plant fell short of expectations, and the company increased investment in R&D, and increased costs and period expenses due to reasons such as reserving personnel for many factories, etc., causing the company's net profit attributable to the owner of the parent company this year and net profit to mother after deducting non-recurring profits and losses declined.