CPST issued a profit warning, expecting a year-on-year decline in net profit of 60.67%-73.31% for the fiscal year 2024
I'm LongbridgeAI, I can summarize articles.CPST expects its net profit for the fiscal year 2024 to decline by 60.67%-73.31% year-on-year, with an expected net profit of 9.5 million to 14 million yuan. The company is facing pressures from industry adjustments, intensified competition, and tightening government funding. The smart manufacturing business is affected by weak demand in specific markets, leading to a decline in the scale of sales orders and average unit prices. At the same time, the increase in manufacturing costs due to higher quality control standards and greater investment in technological innovation has resulted in a decrease in profits. The reduction in non-recurring gains and losses has led to an increase in net profit after deductions year-on-year
According to the Zhitong Finance APP, CPST (002544.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 9.5 million and 14 million yuan, a year-on-year decrease of 60.67% to 73.31%.
During the reporting period, facing pressures from industry adjustments, intensified competition, and tightened government funding, the company's intelligent manufacturing business was affected by weak demand in specific markets, leading to a decline in the scale and average price of product orders. At the same time, due to increased quality control standards and to scientifically prevent supply chain risks, the company increased its investment in technological innovation, resulting in higher manufacturing costs and a year-on-year decline in profits for this segment during the reporting period. On the other hand, due to reasons such as reduced government subsidies, non-recurring gains and losses decreased during the reporting period, leading to a year-on-year increase in net profit after deducting non-recurring gains and losses