Anlu Technology aims to achieve operating revenue of 701 million yuan in 2023

Anlu Technology achieved operating income of 701 million yuan in 2023, a year-on-year decrease of 32.75%; net profit attributable to the parent was -197 million yuan; net profit attributable to the parent after deducting non-recurring items was -227 million yuan. R&D investment was 384 million yuan, a year-on-year increase of 15.82%, accounting for 54.82% of operating income. In the first quarter of 2024, the company achieved operating income of 142 million yuan, an increase of about 31% from the fourth quarter of the previous year. At the same time, the company's destocking progress was smooth, with FPGA product inventory down 15.39% year-on-year and FPSoC product inventory down 21.11% year-on-year, indicating that the company is gradually coming out of the trough.