WELLTECH expects a loss of 16 million to 24 million yuan for the year 2024, and the company's stock may be subject to delisting risk warning

According to the Zhitong Finance APP, WELLTECH (002058.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 16 million and 24 million yuan for the entire year. During the reporting period, the company's instrumentation business faced challenges from intensified industry competition, with both the sales prices and sales volumes of some categories of instrumentation products declining. As a result, the company's overall operating performance was poor. In addition, the company expects to make significant provisions for asset impairment in 2024, with a total of 2.3155 million yuan already provisioned for asset impairment in the first half of the year, which has also had a negative impact on the company's performance.

According to preliminary calculations by the company's finance department, it is expected that the lowest of the total profit, net profit, and net profit after deducting non-recurring gains and losses for 2024 will be a negative value, and the operating income after deduction will be less than 300 million yuan. If the audited financial data for 2024 triggers the provisions of Article 9.3.1 of the Shenzhen Stock Exchange Listing Rules, the company will disclose an announcement regarding the implementation of delisting risk warnings for its stock at the same time as it discloses the 2024 annual report. The company's stock will be suspended for one day after the announcement, and from the date of resumption of trading, the Shenzhen Stock Exchange will implement delisting risk warnings for the company's stock