Focuslight Technologies Inc. (688167.SH) reported a net loss of 170 million yuan in 2024, with the short-term negative impact on its financial condition due to strategic mergers and acquisitions.

Focuslight Technologies Inc. (688167.SH) disclosed its 2024 annual performance report, with the company achieving a total operating income of 619 million yuan, a year-on-year increase of 10.32%; a net loss attributable to the owners of the parent company of 170 million yuan; a net loss attributable to the owners of the parent company excluding non-recurring gains and losses of 179 million yuan; and a basic loss per share of 1.89 yuan. The announcement stated that in the 2024 fiscal year, the company completed two important strategic acquisitions, namely the acquisition of Swiss Laser and the acquisition of a portion of amsOSRAM's optical component assets. These acquisitions are aimed at strengthening the company's existing business, expanding its business scope and market influence, forming synergies, enhancing the company's technological innovation capabilities and market competitiveness. In the long run, they will lay a solid foundation for the company's long-term development, but in the short term, they have had a significant negative impact on the company's financial condition.