Shu Lang: the income in the first half of the year was 126 million yuan, down 51.5% from the same period last year.

CTOnews.com August 20 news, Shu Lang announced the mid-term results of 2023, the first half of the income of 126 million yuan, down 51.5% from the same period last year, mainly due to the decrease in sales of personal tablets and wearable products by students; the cost of sales decreased from 193 million yuan to 77.3 million yuan, down 60% from the same period last year, mainly due to the decline in personal tablet sales of students.

CTOnews.com learned from the Hong Kong Stock Exchange that Shu Lang's gross profit in the first half of the year was 48.627 million yuan, down 26.9% from the same period last year, while the gross profit margin rose from 25.6% to 38.6%, mainly due to the high profit margin of new products and the increase in the sales share of self-owned online platforms.

The net loss in the first half of the year was 37.9 million yuan, mainly due to a decrease of about 17.9 million yuan in gross profit, an increase of 9.3 million yuan in R & D expenditure, a decrease of 7.9 million yuan in administrative expenses and a decrease of 7.5 million yuan in other expenses. changes in the fair value of financial assets / liabilities at fair value included in profit and loss decreased by 27.5 million yuan.