JEE issued a profit warning, expecting a net profit of 16 million to 24 million yuan for the fiscal year 2024, turning losses into profits
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JEE expects its net profit for the fiscal year 2024 to reach between 16 million yuan and 24 million yuan, achieving a turnaround from losses, representing a year-on-year growth of 107.84% to 111.75%. The net profit for the fiscal year 2023 was -204 million yuan. The company has enhanced its core competitiveness of products and overall gross margin through continuous investment in research and development and technological innovation, significantly improving the profitability of its intelligent equipment and electric control components for new energy vehicles
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