---
title: "TQL issued a profit warning, expecting a net profit of RMB 64.0564 million to RMB 92.5259 million in 2024, a year-on-year decrease of 78.93% to 69.56%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225196787.md"
description: "TQL expects a net profit of RMB 64.0564 million to RMB 92.5259 million in 2024, a year-on-year decrease of 78.93% to 69.56%. The net profit after deducting non-recurring gains and losses is expected to be RMB 54.336 million to RMB 78.4854 million, a year-on-year decrease of 78.56% to 69.03%. The company opened 8 new stores, resulting in a loss of approximately RMB 35 million due to expenses such as opening costs and asset depreciation"
datetime: "2025-01-16T12:04:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225196787.md)
  - [en](https://longbridge.com/en/news/225196787.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225196787.md)
---

# TQL issued a profit warning, expecting a net profit of RMB 64.0564 million to RMB 92.5259 million in 2024, a year-on-year decrease of 78.93% to 69.56%

According to the announcement from TQL (605108.SH), it is expected that the net profit attributable to the owners of the parent company for the year 2024 will be between 64.0564 million yuan and 92.5259 million yuan, a year-on-year decrease of 78.93% to 69.56%.

It is expected that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses for the year 2024 will be between 54.336 million yuan and 78.4854 million yuan, a year-on-year decrease of 78.56% to 69.03%.

In 2024, the company will open 8 large-scale new stores, with a total construction area of up to 244,600 square meters. Each business format within the stores will gradually open and incur a large amount of startup costs, as well as expenses such as asset depreciation and amortization. Meanwhile, the operating income of the new stores is in a ramp-up period, resulting in losses of approximately 35 million yuan for the new stores

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