Focuslight Technologies Inc. posts first-half net loss of 67.23 million yuan

Stock News08-07

The company recorded total operating revenue of 419 million yuan for the period, a 6.57% year-on-year increase.

Net loss attributable to shareholders of the listed company was 67.23 million yuan, while the net loss excluding non-recurring gains and losses reached 69.48 million yuan. The basic loss per share was 0.52 yuan.

The increased loss was primarily driven by asset impairment charges, which totaled 66.38 million yuan in the reporting period, up 49.82 million yuan from the same period last year. On one hand, the company conducted goodwill impairment tests for all its asset groups. The automotive application solutions business line, affected by changes in downstream customer demand, was assessed using a cautious approach based on historical data, current order volume, and forward-looking information such as industry trends. This resulted in an impairment provision of 31.00 million yuan for that asset group.

Additionally, adhering to the principle of prudence, the company evaluated market environment changes and the net realizable value of inventory, leading to an inventory write-down provision of 35.38 million yuan, an increase of 18.81 million yuan compared to the same period last year.

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