Gelonghui, May 20丨*ST Hongxiang (300427.SZ) said on the investor interactive platform that as of December 31, 2023, the company's communications and electronics sector had 580 million orders in hand. At the end of the 2023 fiscal year, the company calculated inventory price reduction preparations based on the difference between inventory cost and realizable net value, based on the difference between inventory cost and realizable net value. The company calculated an inventory price reduction loss of 63 million yuan in 2023. In addition to actively and orderly promotion of the delivery and acceptance of all in-hand orders, the company will also actively follow up on order implementation for newly developed customers and newly developed products.