Zhitong Finance App News, Dingtong Technology (688668.SH) released its 2023 annual report. During the reporting period, the company achieved revenue of 683 million yuan, a year-on-year decrease of 18.65%. Net profit attributable to shareholders of listed companies was 665.704 million yuan, a year-on-year decrease of 60.48%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 59.0839 million yuan, a year-on-year decrease of 62.43%. Basic earnings per share were $0.67. It is proposed to distribute a cash dividend of 5.00 yuan (tax included) for every 10 shares to all shareholders.

The report shows that mainly due to the downturn in the global macroeconomic economy and the weakness of the communications market, demand for cage (cage) products declined markedly under the dual influence of weak business demand and consumption of previous inventories, leading to a significant decline in telecommunications revenue; although demand for automotive connector products is good, bidding is intense; therefore, due to unsaturated demand capacity and cost pressure, the company's overall gross margin has declined, and profits have declined sharply.