Defang Nano's 2023 annual report: revenue decreases, net profit loss

Defang Nano disclosed in its 2023 annual report that the company achieved revenue of 16.973 billion yuan, a year-on-year decrease of 24.76%; the net profit attributable to the parent company's shareholders was -1.636 billion yuan, a year-on-year decrease of 168.74%, resulting in a loss. The company's gross profit margin was only 0.28%, far below expectations. Although sales increased by 24.15% throughout the year, inventory decreased by 63.34% and capacity utilization also dropped to 69.54%.