Changes in Hong Kong stocks | Lansi Technology (06613) fell more than 6% to record low in the third quarter, net profit fell year on year, and the company's new business still hasn't completely taken over

The Zhitong Finance App learned that Lansi Technology (06613) continued its recent decline and hit a new low of HK$13.09 in the intraday period. The stock price has retracted by more than 40% during the year. As of press release, it decreased by 5.73% to HK$13.16, with a turnover of HK$199 million.

According to the news, Lansi Technology achieved revenue of 19.035 billion yuan in the third quarter of this year, down 8.05% year on year; net profit to mother was 843 million yuan, down 50.42% year on year. This is mainly due to pressure on terminal demand due to rising storage prices, delays in the release of new products from major customers, and exchange losses. In the first nine months of this year, Lansi Technology's exchange losses reached 654 million yuan, compared to 115 million yuan in exchange earnings in the same period last year.

It is worth noting that the expansion of Lansi Technology's multi-line business is still facing tests such as a long return on investment cycle. Although the company has continued to expand its automotive, robot and AI server business in recent years, its mobile phone and computer-related business revenue still accounted for 77.54% of total revenue in the first half of this year. According to statistics from a number of third party agencies, global mobile phone market shipments were clearly under pressure in the third quarter due to price increases in the supply chain.