BREAKING:

Sunright Limited experienced a challenging financial year as softer market conditions impacted key segments like computing and automotive. The Group’s performance was weighed down by a decline in legacy product volumes, coinciding with the industry shift towards advanced technologies, such as integrated System-on-Chip (SoC) designs. The acceleration of AI-related product rollouts created rapid shifts in product cycles. Although the Group reported a full year loss, management responded by implementing tighter cost controls and strengthening its operational focus. The company is strategically focused on addressing emerging opportunities from next-generation technologies, including expected demand for AI-driven devices and data centre expansion.

• The company wrestled with an industry shift toward more integrated System-on-Chip designs while managing a decline in legacy volumes

• Despite implementing cost reductions and adjusting labour resources, the financial results reflect a full year loss due to uneven recovery in customer orders

• Management is positioning the Group to capture future growth driven by advanced automotive electronics and the rising demand for next-generation, AI-driven applications

WATCH THE EXPLAINER VIDEO BELOW:

LISTEN TO THE PODCAST BELOW:

There will be an AGM on

Event dates:

For more information, click here: SUNRIGHT LTD 2023 AGM