---
title: "SEC: The net profit for 2024 is expected to be a loss of 11.7 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225363472.md"
description: "On the evening of January 17th, SEC announced that it expects to achieve a net profit attributable to the parent company's owners of approximately -11.7 million yuan for the fiscal year 2024, compared to a profit of 43.207 million yuan in the same period last year, indicating a loss. During the reporting period, the company's operating revenue declined compared to the same period last year due to weakened market demand and intensified market competition. Additionally, affected by fluctuations in the secondary market, the fair value change income of the Hong Kong stocks held by the company's wholly-owned subsidiary decreased, down approximately 51.84 million yuan year-on-year"
datetime: "2025-01-17T14:00:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225363472.md)
  - [en](https://longbridge.com/en/news/225363472.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225363472.md)
---

# SEC: The net profit for 2024 is expected to be a loss of 11.7 million yuan

On the evening of January 17, SEC announced that it expects to achieve a net profit attributable to the owners of the parent company of approximately -11.7 million yuan for the fiscal year 2024, compared to a profit of 43.207 million yuan in the same period last year, indicating a loss. During the reporting period, the company's operating revenue declined compared to the same period last year due to weakened market demand and intensified market competition. Meanwhile, affected by fluctuations in the secondary market, the fair value change income of the Hong Kong stocks held by the company's wholly-owned subsidiary decreased, down approximately 51.84 million yuan year-on-year

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