I'm LongbridgeAI, I can summarize articles.HYC expects a net loss of approximately 480 million yuan in 2024, with a net profit attributable to the parent company's owners of -480 million yuan, and a net profit of -520 million yuan after deducting non-recurring gains and losses. Affected by the slow recovery of the macro economy and the complex international political situation, the demand in the consumer electronics industry is fluctuating, and some customers are under pressure to reduce costs, leading to a decrease in product prices, while intensified market competition is affecting gross margins
According to the announcement from HYC (688001.SH), the company expects to report a net loss attributable to the owners of the parent company for the fiscal year 2024 compared to the same period last year (statutory disclosure data), with an estimated net profit attributable to the owners of the parent company of approximately -480 million yuan; it is also expected that the net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, will be approximately -520 million yuan.
Affected by the slowing recovery of the macro economy and the complex and changeable international political situation, the consumer electronics industry is still in a low-level recovery phase in 2024, with market demand showing periodic fluctuations. Some customers are under pressure to reduce costs, leading to a decline in the unit price of some of the company's products, while the ongoing intensification of market competition has also had a certain impact on the company's gross profit margin