Moso Power Interim report net profit drops 94.15%

Moso Power’s interim report net profit fell.% Moso Power released its semi-annual report on Monday (Sunday) evening. Compared with the same period of the previous year, the company’s annual-monthly sales orders maintained steady growth in its main business revenue. The current operating income was approximately RMB 100 million, a year-on-year increase of .%, and the net profit attributable to shareholders of listed companies was approximately RMB 10,000, a year-on-year decrease of .%. The announcement stated that the company's market orders during the reporting period were in good condition, but due to factors such as fierce market competition, rising labor costs and increased plant rents, the company's gross profit margin has declined; the company's gross profit margin for the current period is about .%, down by .% year-on-year. At the same time, the performance of the newly invested subsidiaries was lower than expected, and operating losses occurred, resulting in a sharp decline in the company's half-year net profit.　　Moso Power is mainly engaged in the Ru0026D, production and sales of new energy products such as LED drive power supplies, SPS switching power supplies, transformers, and photovoltaic inverters. It is a global superior power supply solution provider and a landmark enterprise in the domestic power supply industry. Moso Power expects to achieve a loss of net profit attributable to shareholders of the listed company this month, with a loss of about 10,000 yuan. This is mainly due to the fierce competition in the industry, the decline in product gross profit, and the company continues to strengthen its Ru0026D, sales, and management Investment, cost growth during the period; and due to the relocation of some of the company's production capacity, provision for inventory fall in price and inventory disposal, etc. At the beginning of this year, Moso Power used its own funds of RMB 10,000 to participate in the LED automation equipment company-Lianshuo Equipment.% equity. Lianshuo Equipment Company has made a promise that the company’s annual net profit after deduction of non-tax is 10,000 yuan and 10,000 yuan. , Is expected to contribute 10,000 yuan to 10,000 yuan in investment income for Moso Power.　　 However, in the first half of this year, Lianshuo Equipment Company's performance was lower than expected, with an operating income of about 10,000 yuan and an operating profit loss of about 10,000 yuan.