HUIFA FOODSTUFF issued a profit warning, expecting a net profit of 2.6 million to 3.7 million yuan in 2024, a year-on-year decrease of approximately 50.77%-65.41%
I'm LongbridgeAI, I can summarize articles.HUIFA FOODSTUFF expects a net profit of RMB 2.6 million to RMB 3.7 million in 2024, a year-on-year decrease of approximately 50.77%-65.41%. The company has implemented equity incentives, leading to an increase in certain expenses, while also continuously expanding market and sales channels to cope with market competition, resulting in a significant rise in management and sales expenses
According to the Zhitong Finance APP, HUIFA FOOD (603536.SH) announced that the company expects the net profit attributable to shareholders of the listed company for the year 2024 to be between 2.6 million and 3.7 million yuan, a decrease of 4.9159 million to 3.8159 million yuan compared to the same period last year, representing a year-on-year decrease of approximately 50.77%-65.41%.
The company will implement equity incentives in 2024, resulting in an increase in the amortization of equity incentive expenses during this reporting period. To cope with intense market competition, the company continues to expand its market and sales channels, and has significantly increased its promotional efforts, leading to a substantial rise in management expenses and selling expenses