JOYSON ELECTRONICS stated that high gold prices have increased cost pressure and they will adjust prices in response

JOYSON ELECTRONICS (699) management stated that the rise in gold prices has put cost pressure on the company, although the increase in oil prices has little impact. The company has communicated with customers and adjusted prices, facing challenges. President Chen Wei pointed out that product prices are determined by the market, and raw material costs are relatively easier to control. The company reported a net profit of HKD 1.34 billion last year, up 39.1%; revenue was HKD 61.18 billion, an annual increase of 9.5%. Revenue from automotive safety solutions and automotive electronics solutions saw a slight decline, while other revenues grew significantly. Overall gross profit margin increased to approximately 18.3%