---
title: "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"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225206239.md"
description: "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"
datetime: "2025-01-16T13:05:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225206239.md)
  - [en](https://longbridge.com/en/news/225206239.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225206239.md)
---

# 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

According to the Zhitong Finance APP, JEE (688162.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company in 2024, turning losses into profits compared to the same period last year (statutory disclosure data), with a net profit attributable to the owners of the parent company expected to be between 16 million and 24 million yuan, a year-on-year increase of 107.84% to 111.75%. In 2023, the net profit attributable to the owners of the parent company was -204 million yuan.

Continuous investment in research and development and technological innovation have driven the core competitiveness of the company's products to continuously improve, and the overall gross profit margin level has improved year-on-year. The intelligent equipment business continues to optimize both customers and products, enhancing product profitability; the business of electric motor and electronic control components for new energy vehicles has seen a significant increase in operating revenue and gross profit margin year-on-year as some major customer projects for high-end products have begun mass production

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