Gelonghui, Feb. 23: Jingwei Hengrun (688326.SH) announced its 2023 annual performance report. During the reporting period, the company achieved operating income of 467,618.69 million yuan, an increase of 16.27% year on year; realized net profit attributable to owners of the parent company of 218.8356 million yuan, a year-on-year decrease of 193.28%; realized net profit attributable to the owner of the parent company after deducting non-recurring profit and loss - RMB 282.9472 million, a year-on-year decrease of 336.22%.

Technological changes in the automotive electronics industry are accelerating. In order to maintain its technological advancement and better meet market needs, the company continues to increase R&D investment in key technical fields such as intelligent driving, vehicle body domain control, new energy and power, chassis domain control, self-developed tools, and L4 business, focusing on talent reserves and cultivation. The number of companies in the reporting period increased significantly compared to last year. Among them, R&D and technical personnel increased by more than 1,000, and R&D expenses increased by more than 300 million yuan during the same period, which had a certain impact on net profit during the reporting period.