OCEAN'S KING issued a profit warning, expecting a net loss of 115 million to 160 million yuan for the fiscal year 2024, turning from profit to loss year-on-year
I'm LongbridgeAI, I can summarize articles.OCEAN'S KING expects a net loss of RMB 115 million to RMB 160 million for the year 2024, turning from profit to loss year-on-year. Although the company achieved both revenue and profit growth in the professional lighting sector, with a profit growth rate of no less than 20%, the decline in operating revenue from its subsidiary Mingzhihui's construction engineering business led to an overall loss
According to the Zhitong Finance APP, OCEAN'S KING (002724.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 115 million yuan and 160 million yuan for the year, turning from profit to loss compared to the same period last year.
During the reporting period, the company further focused on its main business, seized market opportunities, deeply cultivated the professional lighting field, and committed to providing customers with specialized lighting solutions and comprehensive lighting services. It adhered to green lighting and developed towards intelligence, continuously enhancing the company's core competitiveness. During the reporting period, the company's main business revenue and profit from professional lighting achieved double growth compared to the same period last year, with the profit growth rate of professional lighting not less than 20%. However, the operating revenue of the construction engineering business belonging to its holding subsidiary, Shenzhen Mingzhihui Intelligent Technology Co., Ltd. (hereinafter referred to as "Mingzhihui"), declined, resulting in operating losses