---
title: "FLYCO issued a profit warning, expecting a net profit of 464 million yuan for the fiscal year 2024, a decrease of 54.45% year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225186396.md"
description: "According to the Zhitong Finance APP, FLYCO announced that the company expects to achieve a net profit attributable to the owners of the parent company of RMB 464 million in 2024, a decrease of approximately 54.45% year-on-year. The company's operating conditions have been significantly pressured during the reporting period due to the dual impact of being in a transitional period of strategic adjustment for its dual-brand structure and changes in the consumer environment. The government subsidies received by the company during the reporting period have significantly decreased compared to last year"
datetime: "2025-01-16T10:55:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225186396.md)
  - [en](https://longbridge.com/en/news/225186396.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225186396.md)
---

# FLYCO issued a profit warning, expecting a net profit of 464 million yuan for the fiscal year 2024, a decrease of 54.45% year-on-year

According to the Zhitong Finance APP, FLYCO (603868.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of 464 million yuan in 2024, a decrease of approximately 54.45% year-on-year.

Due to the company's transition period in the dual-brand structural strategic adjustment and the dual impact of changes in the consumption environment, the company's operating conditions have been significantly pressured during this reporting period. The government subsidies received by the company during the reporting period have decreased significantly compared to last year

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