---
title: "CYG issued a profit warning, expecting a net loss of 600 million to 900 million yuan for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225346137.md"
description: "CYG expects a net loss of 600 million to 900 million yuan for the fiscal year 2024, with operating revenue declining compared to the same period last year. Revenue from smart grid equipment and services remains stable, but the revenue from new energy engineering contracting business has significantly decreased due to intense market competition. The performance of consumer electronics smart equipment and lithium battery cathode materials business has declined due to macroeconomic impacts. The company will increase R&D investment, leading to a heavier loss"
datetime: "2025-01-17T11:56:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225346137.md)
  - [en](https://longbridge.com/en/news/225346137.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225346137.md)
---

# CYG issued a profit warning, expecting a net loss of 600 million to 900 million yuan for the fiscal year 2024

According to the announcement from CYG (600525.SH), the company expects a net loss attributable to shareholders of the listed company in 2024 to be between 600 million and 900 million yuan, indicating a loss compared to the same period last year.

In 2024, the company's operating revenue is expected to decline compared to the same period last year. Among them, the revenue of the main companies in the smart grid equipment and services business, such as Changyuan Shenrui and Changyuan Gongchuang, remains stable, while the revenue of the new energy engineering contracting business has significantly decreased due to intense market competition. The performance of the consumer electronics intelligent equipment business and lithium battery cathode material business has also declined due to the macroeconomic situation and market environment. At the same time, the company insists on increasing R&D investment for development considerations, which has had a certain impact on this year's losses

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