Reported 12 months ago
Gaoli (8996) reported a decrease in May's pre-tax profit by 32% year-on-year, with a net profit after tax of 0.49 billion yuan, down by 35.3% year-on-year, with an EPS of 0.55 yuan. Gaoli attributed the decline to a drop in product demand as customers redesigned products, leading to a revenue decrease in May to 317 million yuan and a 21.1% year-on-year revenue decline for the first five months of the year. Despite this, Gaoli is optimistic about growth in the second half of the year, particularly with the growing demand for liquid cooling heat dissipation products contributing to revenue growth.
Source: YAHOO