In the first half of 2023, the rare earth permanent magnet enterprise Ningbo Yunsheng operating income of 2.686 billion yuan, and the same period last year compared to a decrease of 16.24%; net profit attributable to shareholders of listed companies from profit to loss of -187 million yuan. Reporting period, the company’s operating income fell 16.24% year-on-year is mainly due to the shrinking consumer electronics market led to consumer electronics segment revenue decline; net profit loss is mainly due to increased competition in the market led to a decline in gross profit margins year-on-year due to the decline in the price of raw materials provided 172 million yuan of asset impairment losses.
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