Rainbow shares will lose 1.1 billion to 1.2 billion yuan in the first half of the year

Rainbow shares issued a performance pre-loss announcement saying that the company expects to achieve a loss of 1.1 billion to 1.2 billion yuan in net profit attributable to shareholders of listed companies in the first half of 2022; after deducting non-recurring gains and losses Loss of 1.680 billion yuan to 1.780 billion yuan.

Regarding the main reasons for the pre-loss of the current performance, Rainbow shares said that it was mainly affected by the following factors:

1. During the reporting period, the company's LCD panel business was affected by factors such as the continuous shrinking of market demand and the new crown epidemic. Product prices continued to drop, operating income dropped significantly year-on-year, and operating results suffered losses.

2. During the reporting period, the company's liquid crystal substrate glass production lines were operating stably, and the product output, sales volume, and sales revenue continued to increase year on year. The company's G8.5 + first large-tonnage liquid crystal substrate glass production line has successfully achieved mass production, the product quality has met user requirements, and the production line has successfully reached production.

According to the data, Rainbow Co., Ltd. has carried out and deepened the adjustment of industrial structure and implemented the business strategy of product upgrade. The main business is the research and development, production, and sales of substrate glass and display panels, and has formed the world's only industrial layout with the linkage effect of "panel + substrate" upstream and downstream industries, becoming a leading enterprise in the localization of new flat panel displays.

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