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Gradually divest noncore businesses

Gradually divest Bas on this calculation, in the fourth quarter of last year, Tosda expect a net profit loss of 189 million to

259 million yuan, compar with a loss of 40.7561 million yuan in the same period of the previous year, an increase of more than four times.

From 2021 to 2023, Tosuda achiev net profits country email list of 65.3953 million yuan, 160 million yuan, and 88.0334

million yuan, respectively, a yearonyear decrease of 87.42%, 144.15%, and 44.86%.

Regarding the reasons for the performance changes, Tosuda stat that it was mainly due to the poor

performance of its smart energy and environmental management business (green energy business.

The revenue of this business last year fell by 50% yearonyear, resulting in a loss of approximately 200 million yuan.

Green energy business was once Tosuda’s largest source of revenue, accounting for 45.9%, 59.48% and 59% of revenue in 20212023 respectively.

The downstream customers of this business are mainly in the 3C, lithium battery and photovoltaic industries. Due to various reasons such as intensifi competition, overcapacity and tight funds, the acceptance and settlement of projects of some customers were not as expect, which further adversely affect the company’s net profit.

Currently, Tosuda is actively adjusting its business structure and significantly rucing the scale of this business

Tosuda is planning to adjust the relevant whollyown subsidiaries of the smart energy and

environmental management system business into holding subsidiaries. It is expect that after the

adjustment, the company will hold 51% of the shares and the business operation team will hold 49% of the shares.

In the future, Tosda will continue to focus on developing lead management in healthcare: best practices for clinics product businesses such as robots, CNC

machine tools, and injection molding machines, and gradually divest noncore businesses.

In this regard, Huatai Securities believes that Tosuda has focus on products, ruc projects, and

significantly improv its business structure.

In addition

With the high prosperity of the downstream + expansion of scenarios + import substitution, domestic

fiveaxis machining centers are entering mobile lead a golden period of development, and an independent and

controllable future can be expect. Tosda’s holding subsidiary, Evermi, masters fiveaxis core technology, has highquality customer resources and its market recognition continues to increase, which is expect to drive the company’s longterm growth Gradually divest.

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