Heng Xuan Technology: it is estimated that the net profit in 2022 is about 122 million yuan, a decrease of about 70.20% over the same period last year.

CTOnews.com January 28 news, Heng Xuan Technology announced that according to preliminary estimates by the financial department, the net profit attributed to the owner of the parent company is expected to be about 122 million yuan in 2022, which will decrease by about 286 million yuan compared with the same period last year (statutory disclosure data), a decrease of about 70.20% compared with the same period last year.

During the reporting period, the company continued to invest in R & D, the number of R & D increased more, and the salaries of R & D personnel and R & D project fees increased rapidly, resulting in an increase of more than 50% in R & D expenses compared with the same period last year.

CTOnews.com found from the Hengxuan Technology 2022 semi-annual report that the company has supplied brands such as Samsung, Huawei, OPPO, Xiaomi, vivo, Glory, etc., and has also entered the supply chain of professional audio manufacturers, including Harman, Anke Innovation, Walker, Monster, etc., and has been applied in the intelligent audio products of Internet companies such as Google, Ali, Baidu, etc.