BOE VARITRONIX(00710) 智通财经·2024-03-21 10:33Core Viewpoint - BOE Technology Group Co., Ltd. reported a slight increase in revenue for the fiscal year 2023, but a significant decrease in net profit attributable to shareholders, primarily due to price adjustments and increased operational costs [1] Financial Performance - Revenue for the year reached HKD 10.76 billion, representing a year-on-year growth of 0.35% [1] - Net profit attributable to shareholders was HKD 475 million, a decrease of 18.4% compared to the previous year [1] - Basic earnings per share stood at HKD 0.604 [1] - The final dividend declared was HKD 0.19 per share [1] Cost Factors - The decline in net profit was mainly attributed to price adjustments and additional costs associated with new production facilities in Chengdu, China, including personnel costs, property expenses, and depreciation of plant and equipment [1] - The overall marginal cost of products remained high in 2023 due to ongoing capacity enhancements and optimization efforts [1]