PhiChem(SZ:300398)2023-05-11 04:31Group 1: Company Performance - The company experienced a year-on-year decline in profit of 33.82% and a quarter-on-quarter decline of 40.67% starting from Q3 2022 due to decreased demand in the semiconductor and panel manufacturing industries [2][3] - The company's performance in Q1 2023 showed a decline compared to the previous year, influenced by the macroeconomic downturn, but the downstream industry is gradually recovering, which may positively impact future performance [2] Group 2: Cost Reduction and Efficiency Improvement - In 2023, the company plans to optimize management levels and improve the efficiency of expense usage [3] - The company will utilize advanced large-scale and refined production models to optimize cost structures and enhance production efficiency [3]