Shengli Precision's 2023 annual report shows a decline in both revenue and net profit

In 2023, Shengli Precision achieved operating income of approximately RMB 3.452 billion, a year-on-year decrease of 16.28%; and realized a net loss of approximately RMB 928 million attributable to shareholders of the listed company. The company said that this was mainly due to factors such as intensified market competition and rising raw material prices.