This Luxshare Co., Ltd. is the controlling shareholder of the "Apple supply chain giant" Luxshare Precision. Thanks to the recovery of mobile phone shipments this year, Luxshare's revenue has actually doubled at one point, with both revenue and profit increasing by more than in the third quarter.
Although revenue in the first three quarters increased by . yearonyear, net profit fell by nearly , which was even worse than last year.
Not only that, the company's profit level has shrunk rapidly since . A careful morocco phone number list breakdown shows that the company's product integration business suffered losses of . billion yuan, million yuan, and . billion yuan in the first three quarters of and , respectively.
Why have there been huge losses for several consecutive years? Shrinking order margins are one reason.
Wingtech's gross profit margin in the first three quarters of this year fell to the lowest point this year. Although the losses are compounded by the financial expenses of convertible bonds and the exchange losses caused by the depreciation of the US dollar exchange rate, with the recovery of the downstream, the revenue scale has begun to grow steadily since the epidemic, but the trend of losing profits has become increasingly obvious.
The largest revenue source of Wingtech's product integration business comes from mobile phone ODM, which is the company's original business. The earliest models developed by Wingtech include Xiaomi's Redmi series, Meizu's Meizu Blue Note, Honor Play A, Huawei Enjoy S, etc.