AGSW issues a profit warning, expecting a net loss of 201 million to 291 million yuan in 2024
I'm LongbridgeAI, I can summarize articles.AGSW expects a net loss of between 201 million yuan and 291 million yuan in 2024, mainly due to a decline in sales of chassis products and the impact of consumer downgrading. The company's price increase and reduction in promotions for chassis series products in March did not take into account consumers' price sensitivity, leading to a decrease in willingness to accept goods at the terminal, especially in markets such as northern Anhui, central Anhui, and Fuyang
According to the announcement from Jinzhongzi Liquor (600199.SH), the financial department has preliminarily estimated that the net profit attributable to the parent company's owners for the year 2024 is expected to be between -291 million yuan and -201 million yuan. The net profit attributable to the parent company's owners, after deducting non-recurring gains and losses, is expected to be between -300 million yuan and -210 million yuan.
Factors for revenue decline: This is mainly due to the decrease in sales of chassis products. In the context of consumer downgrade, the company's price increase for chassis series products and reduction in promotions in March did not fully consider consumers' price sensitivity to chassis products, leading to a decline in the willingness of end consumers to accept products such as Rouhe, particularly in markets like northern Anhui, central Anhui, and Fuyang