Anjie Technology's net profit loss after deducting non-recurring items reached 232 million yuan last year

Anjie Technology released its 2018 annual report, with revenue of 3.554 billion yuan, a year-on-year increase of 30.93%; net profit attributable to shareholders of the listed company was 547 million yuan, a year-on-year increase of 39.85%; non-net profit was -232 million yuan, a year-on-year decrease of 162.47%.

During the reporting period, non-recurring gains and losses had a significant impact on the company's performance, totaling 780 million yuan, of which government subsidies and gains and losses from disposal of non-current assets were 13.356 million yuan and 7.952 million yuan, respectively.

Anjie Technology's main business is the research and development, production and sales of precision functional components for consumer electronics and precision metal parts related products. It specializes in providing overall solutions for precision functional components for mid-to-high-end consumer electronics products such as smart phones, desktop computers, tablets and laptops, smart wearable devices and smart home products, as well as new energy vehicle businesses.

In the field of wireless charging, Anjie Technology completed its acquisition of a 13% stake in Anjieli in January 2018, established a subsidiary, Anjie Wireless, in March 2018, and completed the acquisition of 100% equity of Weston in July 2018, continuously expanding the industrial chain in the field of wireless charging. Currently, the company is continuously developing wireless charging business for domestic and foreign customers.

The annual report also disclosed that in the field of product sub-segments, Anjie Technology's revenue from functional parts for consumer computers and communications products was mainly 1.438 billion yuan, accounting for 40.46% of total revenue, a year-on-year increase of 12%; the revenue of the information storage and automotive electronics products division was 998 million yuan, accounting for 28.07% of total revenue, a year-on-year increase of 13.82%; the metal structural parts for consumer products and communications products were 1.028 billion yuan, accounting for 28.92% of total revenue, a year-on-year increase of 113.82%; others were 90.32 million yuan, accounting for 2.54% of total revenue, a year-on-year increase of 23.49%.

From the perspective of gross profit margin of main products, the gross profit margins of functional parts for consumer computers and communication products, information storage and automotive electronics products divisions, and metal structural parts for consumer products and communication products were 32.92%, 33.35%, and 22.72%, respectively, down 4.35%, 1.2%, and 12.97% year-on-year.

Regarding the company's future development prospects, Anjie Technology stated that with the successive release of 5G communication global standards and the intensive promotion of 5G testing, the global communications industry has been moving rapidly towards the 5G era. Emerging application scenarios such as smart cities, smart connected cars, and industrial Internet of Things in the 5G era are also becoming more mature with the evolution of communication technology. The company will keep up with the pace of 5G communications, maintain its leading position in the industry through technology research and development and customer collaboration, and actively deploy 5G-related industries such as wireless charging and LTCC industry chain. In the next few years, the company will continue to carry out research and development innovation, focus on the development of customer resources and supply resources, strengthen internal control construction, improve the level of refined management, and create a systematic core competitive advantage for the enterprise. At the same time, the company will also actively carry out industrial chain extension, grasp the development trends of the upstream and downstream of the consumer electronics industry and related industries, seize the opportunity to rapidly expand new industries, and deploy new fields and industries.

In addition, on the same day as the annual report was released, Anjie Technology released its first quarter 2019 performance forecast, estimating that during the reporting period, net profit will be between 145.2471 million yuan and 176.3714 million yuan, an increase of 40% to 70%.