BRILLIANT issued a profit warning, expecting a year-on-year net profit decline of 41.60%–60.59% for the fiscal year 2024
BRILLIANT expects its net profit for the year 2024 to decline by 41.60% year-on-year to 60.59%, with the net profit attributable to shareholders of the listed company expected to be between 12.1103 million yuan and 18.1103 million yuan. Although the company has seen an increase in orders in the domestic and international elevator markets, the decline in operating revenue and gross profit, along with increased period expenses due to market environment impacts, has led to a decrease in performance. Non-recurring gains and losses mainly come from debt restructuring gains
According to the Zhitong Finance APP, BRILLIANT (002689.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 12.1103 million and 18.1103 million yuan, a year-on-year decrease of 41.60% to 60.59%.
During the reporting period, competition in the domestic and international elevator markets intensified. The company continued to deepen its market layout, increased market development efforts, and improved product market share. Both domestic and international orders on hand have increased. However, it takes time for orders to be converted into operating revenue. Due to the overall market environment's impact during the reporting period, operating revenue and gross profit decreased compared to the same period last year, and period expenses also increased, leading to a decline in the company's performance compared to the same period last year. The impact of non-recurring gains and losses mainly comes from the debt restructuring gains realized through debt settlement with property during this reporting period
