Linktel Technologies reports preliminary first quarter 2024 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 three months ended March 31, 2024.

　　First Quarter 2024 Financial Performance

　　Net revenues was RMB 180.075 million, a increase of 0.27% year-over-year, and last year same period revenues was RMB 179.59 million.

　　Net loss was RMB 4.677 million , a decrease of 117.66%,and first quarter 2023 net profit was RMB 26.483 million.

　　Gross margin was 13.11%,a  decrease of 19.21%,and first quarter 2023 gross margin was RMB 32.32%.

　　Linktel Technologies said that the company will continue to improve the core competitiveness, with the new products, domestic and international market development and research and development project investment continues to strengthen, the project base and Malaysia overseas manufacturing base production capacity will be released, will enhance the company's future competitiveness, profitability improvement and enterprise development inject impetus. The company will adjust the company's strategy according to the external environment, market changes and actual conditions, improve the company's performance, and ensure the company's sustainable and stable development.