---
title: "SMTC issues a profit warning, expecting a net profit of 45 million to 62 million yuan for the fiscal year 2024, a year-on-year decrease of approximately 55.72% to 67.86%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225327450.md"
description: "Shanghai SMTC released its performance forecast for 2024, expecting a net profit of 45 million to 62 million yuan, a year-on-year decrease of approximately 55.72% to 67.86%. The net profit after deducting non-recurring gains and losses is expected to be -4 million to 13 million yuan, a year-on-year decrease of approximately 69.09% to 109.51%"
datetime: "2025-01-17T09:54:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225327450.md)
  - [en](https://longbridge.com/en/news/225327450.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225327450.md)
---

# SMTC issues a profit warning, expecting a net profit of 45 million to 62 million yuan for the fiscal year 2024, a year-on-year decrease of approximately 55.72% to 67.86%

According to the Zhitong Finance APP, Shanghai Wumao (600822.SH) released its annual performance forecast for 2024. The company expects to achieve a net profit attributable to the owners of the parent company of between 45 million yuan and 62 million yuan in 2024, a decrease of approximately 55.72% to 67.86% compared to the same period last year. It is expected that the net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, will be between -4 million yuan and 13 million yuan in 2024, a decrease of approximately 69.09% to 109.51% compared to the same period last year

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