On January 18, Infinex announced its performance forecast for the full year of 2017. The company projected that the net profit attributable to shareholders would range between 2006.41 million and 40.128 million, representing a year-on-year decline of between 70% and 40%. This stark drop contrasts sharply with the average net profit growth of 39.46% seen across other electronics industries during the same period.
The company provided several key reasons behind this forecast. First, despite active efforts to expand its business and maintain steady sales growth throughout 2017, the company faced significant challenges. Rising raw material costs, along with unfavorable economic conditions in overseas markets and foreign exchange fluctuations, led to a shift in the company's revenue structure. As a result, overall gross profit margins declined compared to the previous year.
Second, Infinex has been focused on exploring new growth opportunities. To this end, the company has accelerated its strategic initiatives in the electric vehicle and non-vehicle charging sectors. This shift has required increased investment in research and development, further impacting short-term profitability.
While these moves are aimed at long-term growth, they have contributed to the current financial performance. The company remains committed to innovation and market expansion, with the goal of strengthening its position in emerging industries in the coming years.
In summary, while 2017 proved to be a challenging year for Infinex, the company is taking proactive steps to adapt and position itself for future success.
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