Linktel Technologies reports fiscal year 2023 financial results
Linktel Technologies(SZSE: 301205) focusing on the research and development, production and sales of optical communication transceiver modules, adhere to the development strategy of independent innovation and differentiated competition, master a series of key technologies in the integration of optoelectronic chips, optical devices, optical modules design and production process, and have the design and manufacturing capabilities of optical chips to optical devices and optical devices to optical modules.Linktel reported preliminary financial results for the fiscal year ended December 31,2023.
2023 Financial Performance
Net revenues was RMB 605.725 million, a decrease of 26.55% year-over-year, and last year revenues was RMB 824.707 million.
Net profit was RMB 26.483 million,a decrease of 76.61% year-over-year,and last year net profit was RMB 113.212 million.Resulting in diluted net income per share of RMB 0.2042 for 2023.
Gross margin was 25.17%,a decrease of 7.85% year-over-year,and last year gross margin was 33.02%.
In 2023, affected by the slowdown in the construction of overseas data centers, domestic access networks and transmission networks, the company's order volume has declined to a certain extent. At the same time, the competition in the industry has also evolved particularly fierce, the company adjusted the price of some products according to the market situation, resulting in a significant decline in the company's gross margin.
About Linktel Technologies
Founded in October 2011, Wuhan Linktel Technologies Co., Ltd. is located in Wuhan Optical Valley of China, which has become the world's largest optical fiber and cable development base, the country's largest optical device research and development and production base, and the largest laser industry base in China. Optical Valley optical fiber and cable accounted for 66% of the national market, 25% of the international market, sales of the world's first. Since its establishment, the company has focused on the research and development, production and sales of optical communication transceiver modules, adhered to the development strategy of independent innovation and differentiated competition, and mastered a series of key technologies in photoelectric chip integration, optical device and optical module design and production process, forming a relatively complete optical module industry chain. Relying on independent research and development of core technology, the company is committed to the development of high speed, intelligent, low cost, low power consumption of high-end optical module products, for telecommunications, digital communication and other fields of customers to provide optical module solutions.
