---
title: "RAYITEK expects a pre-loss, with an estimated net loss of 53 million to 68 million yuan for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225333986.md"
description: "RAYITEK expects a net loss of 53 million to 68 million yuan for the fiscal year 2024, with a year-on-year increase in losses of 170.37% to 246.89%. The reasons for the losses include intensified industry competition, adjustments in market demand, and high fixed costs during the capacity ramp-up phase of the Jiaxing project. Nevertheless, the company expects operating revenue to reach 330 million to 350 million yuan, a year-on-year increase of 19.60% to 26.84%"
datetime: "2025-01-17T10:36:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225333986.md)
  - [en](https://longbridge.com/en/news/225333986.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225333986.md)
generator: "portal-rs"
---

# RAYITEK expects a pre-loss, with an estimated net loss of 53 million to 68 million yuan for the fiscal year 2024

According to the announcement from RAYITEK (688323.SH), the company expects to incur a net loss attributable to the owners of the parent company in the fiscal year 2024, with the estimated net loss ranging from 53 million to 68 million yuan. This represents an increase in loss of 33.397 million to 48.397 million yuan compared to the same period last year, with a year-on-year increase in loss of 170.37% to 246.89%.

In 2024, due to intensified industry competition and adjustments in market demand, as well as the Jiaxing project still being in the capacity ramp-up stage with relatively high unit fixed costs, the company's overall gross profit margin has declined. Additionally, the increase in depreciation and interest expenses after the Jiaxing project goes into production has led to management and financial expenses increasing by approximately 30% and 115% year-on-year, respectively, resulting in a comprehensive impact that has caused the loss to increase compared to last year. In response to the economic environment of adjustment and transformation, the company is actively expanding the market, adjusting product structure, steadily increasing the capacity and yield of the Jiaxing production line, and gradually expanding operations, with expected operating revenue of 330 million to 350 million yuan, representing a year-on-year growth of 19.60% to 26.84%

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**