---
title: "Minmetals Capital issued a profit warning, expecting a net profit of 400 million to 550 million yuan for the fiscal year 2024, a year-on-year decrease of 76% to 82%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/224875711.md"
description: "Minmetals Capital expects a net profit of 400 million to 550 million yuan for the year 2024, a year-on-year decrease of 76% to 82%. The main reasons include a reduction in fee and commission income due to the transformation of the trust business, a decline in the fair value of financial assets of subsidiaries, and a decrease in government subsidies"
datetime: "2025-01-14T09:17:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/224875711.md)
  - [en](https://longbridge.com/en/news/224875711.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/224875711.md)
generator: "portal-rs"
---

# Minmetals Capital issued a profit warning, expecting a net profit of 400 million to 550 million yuan for the fiscal year 2024, a year-on-year decrease of 76% to 82%

According to the Zhitong Finance APP, Minmetals Capital (600390.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of 400 million to 550 million yuan in 2024, which represents a decrease of 1.706 billion to 1.856 billion yuan compared to the same period last year, a year-on-year decrease of 76% to 82%; compared to the restated financial statement data from the same period last year, it will decrease by 1.732 billion to 1.882 billion yuan, also a year-on-year decrease of 76% to 82%.

In 2024, the company's operating performance was affected by multiple unexpected factors, leading to a certain decline in performance: first, the transformation of trust business, which resulted in a change in business structure that led to a decrease in fee and commission income; second, the fair value of financial assets held by the company's subsidiaries measured at fair value and whose changes are included in the current profit and loss decreased during the period; third, the government subsidies received by subsidiaries decreased compared to the same period last year

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**