Opple Lighting disclosed its half-year report on August 27. In the first half of the year, it achieved operating revenue of 3.237 billion yuan, up 0.67% year on year, but net profit attributable to shareholders of the listed company was 254 million yuan, down 31.10% year on year, and non-GAAP net profit was 164 million yuan, down 41.16% year on year. The company plans to distribute a cash dividend of 1 yuan per 10 shares, tax included. The decline in net profit was mainly due to a decrease in gross profit margin. During the period, selling expenses reached 630 million yuan, up 7.48%, while R&D expenses were only 151 million yuan, up 3.70%, meaning selling expenses were more than four times R&D expenses. The company emphasized the application of AI technology to improve operational efficiency, and promoted core technology innovation, while optimizing e-commerce and overseas market layouts. In the secondary market, as of the close on August 27, the company's share price had fallen 10% for the year.
Opple Lighting Co LtdNet profit fell 31.1% due to lower gross margin, with selling expenses over four times R&D.
