---
title: "Nacity Service: Expected net profit in 2024 will decrease by 87.89% to 91.93% year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225175696.md"
description: "Nacity Service expects its net profit in 2024 to decrease by 87.89% to 91.93% year-on-year, with a projected net profit attributable to the owners of the parent company of between 15 million yuan and 22.5 million yuan, a decrease of 171 million yuan to 163 million yuan compared to the previous year. After deducting non-recurring gains and losses, the net profit is expected to be between 35 million yuan and 52 million yuan, a year-on-year decrease of 50.14% to 25.93%. The decline in performance is mainly due to changes in the fair value of non-current financial assets and the provision for goodwill impairment"
datetime: "2025-01-16T09:34:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225175696.md)
  - [en](https://longbridge.com/en/news/225175696.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225175696.md)
---

# Nacity Service: Expected net profit in 2024 will decrease by 87.89% to 91.93% year-on-year

Nacity Service announced that it expects to achieve a net profit attributable to the owners of the parent company of RMB 15 million to RMB 22.5 million for the year 2024, a decrease of RMB 171 million to RMB 163 million compared to the same period last year, representing a year-on-year decrease of 91.93% to 87.89%. It is expected that the net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, will be RMB 35 million to RMB 52 million for the year 2024, a decrease of RMB 35.2006 million to RMB 18.2006 million compared to the same period last year, representing a year-on-year decrease of 50.14% to 25.93%. The main reason for the decline in performance this period is the significant fluctuation in the fair value of other non-current financial assets held by the company, resulting in a net profit decrease of RMB 128 million; at the same time, the company plans to make a goodwill impairment provision of approximately RMB 20 million, and affected by the macroeconomic environment, the company has increased its investment in project quality management, which has had a certain impact on the gross profit level

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