Kuncai Technology issued a profit warning, expecting a net profit of 30 million to 45 million yuan for the fiscal year 2024, a year-on-year decrease of 46.39% to 64.26%
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Kuncai Technology expects a net profit of 30 million to 45 million yuan for the year 2024, a year-on-year decrease of 46.39% to 64.26%. The main reasons include the enhancement of brand and technological advantages in pearlescent materials, increased working capital requirements for titanium dioxide and iron oxide projects, and fixed costs and inventory impairment due to unmet production capacity
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