Oufeiguang: It is estimated that the net loss in the first half of 2022 will be 750 million-950 million yuan

Oufeiguang announced on July 14 that it expected a net loss of 750 million yuan to 950 million yuan in the first half of the year, and a profit of 33.89 million yuan in the same period last year.

The main reasons for the changes in the results for the first half of 2022 are as follows:

1. Affected by the termination of purchasing relationships by specific overseas customers in the first quarter of 2021, the company's product shipments related to specific customers in the first half of 2022 dropped significantly year-on-year.

2. Due to changes in the international trade environment, repeated global epidemics, the slowdown in consumer demand in the downstream terminal market in the short term, and restrictions on the supply of chips for the H-customer smartphone business, the shipments of some of the company's products decreased year-on-year.

3. The overall operating income of the company dropped significantly year-on-year, and the amortization of fixed costs led to an increase in the unit cost of the product; the fluctuation of the exchange rate between the US dollar and the RMB resulted in an increase in the company's exchange loss, which had a certain impact on the profit during the reporting period.

On June 29, OFILM Group Co., Ltd. (hereinafter referred to as "OFILM") issued a statement on the removal of the entity list of Nanchang OFILM Technology Co., Ltd., saying that the U.S. Government End User Review Committee (ERC) made a decision on June 28, 2022. The final decision was to officially remove Nanchang OFILM Technology Co., Ltd. from the U.S. Department of Commerce's Bureau of Industry and Security (BIS) entity list. Ou Feiguang welcomes this. Cai Rongjun, chairman of the group, said that OFILM has ushered in a new starting point, making efforts in new fields such as smartphones, smart cars, VR/AR and IoT ecology.

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