---
title: "GongJin: Expected annual net loss of 90 million to 60 million yuan in 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225347012.md"
description: "GongJin expects a net profit loss of 90 million to 60 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 -160 million to -130 million yuan. The anticipated performance loss is mainly due to factors such as a sluggish telecommunications terminal equipment market, intensified competition, low product average prices, losses from subsidiaries, and a decrease in foreign exchange gains and losses, leading to a decline in profitability"
datetime: "2025-01-17T12:01:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225347012.md)
  - [en](https://longbridge.com/en/news/225347012.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225347012.md)
generator: "portal-rs"
---

# GongJin: Expected annual net loss of 90 million to 60 million yuan in 2024

GongJin announced that, according to preliminary calculations by the finance department, it is expected to achieve a net profit attributable to the owners of the parent company of -90 million yuan to -60 million yuan for the year 2024, indicating a loss 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 -160 million yuan to -130 million yuan for the year 2024. The performance forecast data has not been audited by a certified public accountant, and the company has had preliminary communication with the auditing firm for the annual report. The main reasons for the expected performance loss are the sluggish market conditions for communication terminal equipment, intensified market competition, the company's product average price being at a low level, losses from subsidiaries, and a year-on-year decrease in exchange gains and losses, which have all contributed to a decline in the company's profitability during the reporting period

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