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The illegal guarantee event triggered liabilities, and Amethyst Storage's Q1 loss exceeded 100 million yuan

The illegal guarantee event triggered liabilities, and Amethyst Storage's Q1 loss exceeded 100 million yuan

Jiwei Network News (Text/Chen Wei) On April 30, Amethyst Storage released the first quarter report of 2022, saying that the company achieved operating income of 92.2141 million yuan in Q1, an increase of 7.33% year-on-year; a net profit loss attributable to shareholders of listed companies of 100 million yuan; and a loss of 30.9246 million yuan after deducting non-recurring gains and losses.

The illegal guarantee event triggered liabilities, and Amethyst Storage's Q1 loss exceeded 100 million yuan

The report shows that the net profit attributable to the shareholders of the listed company in Amethyst Storage Q1 turned from profit to loss, mainly due to the expected liabilities of 72.2127 million yuan for illegal guarantees in 2022, while the gross profit margin of the revenue xinchuang business in the reporting period was low, resulting in a comprehensive gross profit margin of 10.64%, and the three major expenses increased by 8.8846 million yuan over the same period of the previous year, an increase of 24.59%.

It is reported that through independent innovation and preemptive development layout, Amethyst Storage has accumulated the core technology of low-level optical storage, becoming a relatively independent and controllable national optical storage manufacturer, with certain industrial competitive advantages. In the context of explosive data growth, these advantages and accumulations have laid the foundation for the company to seize the historic development opportunities of the industry.

Amethyst Storage said that the company's holographic optical storage technology is the company's next-generation storage technology with independent intellectual property rights, involving storage technology equipment manufacturing, media research and development and other aspects of the whole industry chain, the company has formed more than 30 patents in the field of holographic optical storage, including optical path construction, servo control, holographic optical discs and other core technologies. The company will continue to increase investment in the research and development of a new generation of holographic optical storage technology, and will introduce high-end talents in image technology, materials, lasers and other aspects in 2022 to help the development of holographic optical storage technology.

In addition, in the field of computer storage, the storage cost per unit of TB is the most core competitiveness. At present, domestic large-capacity Blu-ray storage discs rely on foreign imports, and the unit TB cost is high, which is the main obstacle restricting the market promotion of optical storage. Amethyst Storage's acceleration of mass production of high-capacity Blu-ray production lines is critical for both the company and the continental optical storage industry. In 2022, the company will ensure the stable mass production of the existing two 100G production lines and 1 200G production line, and accelerate the assembly and commissioning of the 3rd and 4th 100G production lines to enter trial production as soon as possible. This will help the company's optical storage products to reduce the cost, so that the company can provide customers with lower cost optical storage products, is conducive to promoting the company's optical storage products market expansion.

(Proofreading/Andy)