The industry faces fierce competition

From the listing in 2020 to 2023, Eft has not got rid of the loss state. From 2020 to 2022, Efte’s net profit to the mother was -169 million yuan, -193 million yuan and -173 million yuan respectively. In 2023, the company’s loss narrowed, and the net loss is expected to be 45 million yuan, and the loss decreased by 73.88% year-on-year.

UNS2980c-ZV4 Eft’s losses may be related to being squeezed by rising raw material costs and falling prices.

The announcement shows that in 2022, the company’s overall gross margin fell to 10.63% from 11.32% in the same period last year, and the company said that the competition in the robot business market in 2022 was intensified. The decline in the average selling price and the double impact of rising prices of bulk raw materials since the second half of 2021, the sharp rise in the price of electronic components brought about by the chip shortage, and the increase in the cost of insurance and delivery.

On the raw material side, the company’s robot products and system UNS2980c-ZV4 integration rely on a variety of raw materials, including a variety of outsourced core components, electronic and electrical components, custom machining parts, etc. The Company’s core component controller and driver research and development process requires extensive use of industrial chips from countries around the world, such as the supply of these chips due to uncontrollable factors, will have a material adverse impact on the Company’s operating results.

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On the sales side, according to MIR Rui industrial statistics, in the first half of 2023, China’s industrial robot sales of 134,000 units, an increase of only about 1%. In January this year, the company pointed out in a record of investor relations activities that from an industry perspective, with the rise of domestic robot manufacturers and the extension of corresponding market competition, price competition is an inevitable trend in the development of the industry.

UNS2980c-ZV4 The company believes that to deal with the fierce market competition, the core is to improve the competitiveness of products. The company will use technology to reduce costs, business costs, improve the industrial chain and other ways to cope with price competition, to maintain the overall gross profit of products. In the first three quarters of last year, in management expenses, research and development expenses, Evert also reduced.

In addition, the increase in accounts receivable, inventory and contract assets brought about by the substantial growth of the company’s revenue scale, and the corresponding increase in impairment provisions also affected the total profit. In 2023, the company’s impairment loss UNS2980c-ZV4 in accordance with accounting policies increased by 34 million yuan compared with the previous year. It is estimated that the total amount of various impairment provisions expected to be made by the company in 2023 is 58 million yuan.