On April 20, Ge Longhui (002456.SZ) released its 2023 annual report. During the reporting period, it achieved operating income of 16.862 billion yuan, an increase of 13.73% over the previous year; net profit attributable to shareholders of listed companies was 76.95 million yuan, turning a year-on-year loss into a profit.

During the reporting period, the company achieved operating income of 16.863 billion yuan, an increase of 13.73% over the previous year. Net profit attributable to shareholders of listed companies was 76.905 million yuan, which turned a loss into a profit. The main reasons are as follows:

1. During the reporting period, benefiting from a sharp increase in terminal customer demand and sales revenue in the second half of the year, the company achieved a year-on-year increase in revenue in 2023, which led to an increase in the company's capacity utilization rate. At the same time, the company continued to optimize its product structure. Revenue from high-value-added products achieved rapid growth, and product gross margin increased steadily;

2. During the reporting period, the company further optimized the layout of the industrial base, improved all aspects of industrial chain integration, and promoted intelligent manufacturing and refined management. With the implementation of a series of cost reduction and efficiency management measures, the company's profitability improved to a certain extent;

3. During the reporting period, non-recurring profit and loss had an impact of 370 million yuan on net profit attributable to shareholders of listed companies, mainly due to government subsidies and disposal of non-current assets.