---
title: "Champion Asia: Expected net loss of 130 million to 160 million yuan for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225336486.md"
description: "Champion Asia expects a net profit loss of 130 million to 160 million yuan for the year 2024, compared to a loss in the same period last year. After deducting non-recurring gains and losses, the expected net profit is between -150 million and -180 million yuan. Affected by fluctuations in customer demand, destocking, and intensified industry competition, the company's export orders have declined, domestic sales orders have not increased sufficiently, and both sales revenue and average product prices have decreased, leading to a decline in gross profit margin and operating performance losses"
datetime: "2025-01-17T10:51:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225336486.md)
  - [en](https://longbridge.com/en/news/225336486.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225336486.md)
generator: "portal-rs"
---

# Champion Asia: Expected net loss of 130 million to 160 million yuan for the fiscal year 2024

Champion Asia announced that it expects to achieve a net profit attributable to shareholders of the listed company for the year 2024 to be between -160 million yuan and -130 million yuan, indicating a loss compared to the same period last year. It is expected that the net profit attributable to shareholders of the listed company, after deducting non-recurring gains and losses, will be between -180 million yuan and -150 million yuan for the year 2024. During the reporting period, affected by fluctuations in demand from downstream industry customers, some industries being in a destocking phase, and intensified competition in the PCB industry, the company's export orders declined year-on-year, and domestic sales orders grew insufficiently. The company's sales revenue and average product price both declined year-on-year. At the same time, the company experienced underutilization of production capacity, leading to higher allocation of fixed costs such as depreciation and labor costs, resulting in a decrease in product gross profit margin and operating performance losses

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