On July 11,Watch I was dragged into prison by my ex Chinese IT and server company Inspur unveiled its earnings projection for the first half of 2023. The company anticipates a net profit ranging from RMB 286 million ($39.78 million) to RMB 382 million ($53.27 million), marking a yearly decrease of 60% and 70%. The forecasted non-GAAP net profit is projected to be between RMB 6.28 million ($0.88 million) and RMB 101.7 million ($14.17 million), reflecting a year-on-year decline of 88% to 99%. Inspur attributed the shift in performance to several factors with the global shortage of GPUs and specialized chips being a prominent issue in the first half of 2023. The company’s preliminary estimates suggest a yearly decline of approximately 30% in operating income during the same period, significantly impacting its overall performance. [Icsmart, in Chinese]
