OFILM's revenue in the first half of the year was 6.315 billion yuan, a year-on-year decrease of 18.79%, and its net loss narrowed to 354 million yuan

OFILM today released its financial report for the first half of 2023. The report shows that during this period, OFILM’s revenue was 6.315 billion yuan, a year-on-year decrease of 18.79%. The net loss attributable to the parent company was 354 million yuan, a year-on-year decrease of 59.52%

According to the announcement, the company’s operating income in the second quarter reached 3.619 billion yuan, a month-on-month increase of 34.22%, a year-on-year increase of 13.69% . What is concerning is that the company achieved a net profit of 4.3921 million yuan in the second quarter, achieving profitability in a single quarter

According to reports, OFILM’s earnings per share in the first half of this year was -0.1086 yuan. It is said that the company plans not to distribute cash dividends, give away bonus shares, or use provident funds to increase share capital

OFILM revealed that during the reporting period , affected by unfavorable factors such as changes in the international trade environment, slowdown in consumer demand in downstream end markets, and customer H's (industry speculation is Huawei) smartphone business was affected by chip supply interruptions, the company's operating income in the first half of the year declined year-on-year. At the same time, due to the large fluctuations in the exchange rate between the US dollar and the RMB, it also brought about large exchange losses, which had a certain impact on profits.

The company said that with the gradual release of order volume, the second quarter Production and sales increased both month-on-month and year-on-year. At the same time, the company has adopted a series of measures to reduce costs and improve efficiency, and has achieved certain results. The overall profitability and operating performance have improved.

OFILM said that in the first half of 2023, global economic development The complexity, severity, and uncertainty facing the environment still exist, and many fields are showing significant differentiation. Global chip supply and the RMB exchange rate against the U.S. dollar have fluctuated violently, causing problems such as rising raw material prices and supply shortages in many industries such as consumer electronics and smart cars.

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