---
title: "GMF issued a profit warning, expecting a net profit of 23 million to 34.5 million yuan for the fiscal year 2024, turning a profit compared to the same period last year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/226159425.md"
description: "GMF released its 2024 performance forecast, expecting a net profit of between 23 million yuan and 34.5 million yuan, turning a profit compared to the previous year. The company has reduced management expenses by approximately 30 million yuan and asset impairment losses by about 60 million yuan through strengthened internal management and cost control. The expected operating revenue is 1.3 billion yuan, an increase of 111 million yuan compared to the same period last year, mainly due to the good progress of engineering projects"
datetime: "2025-01-24T12:36:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/226159425.md)
  - [en](https://longbridge.com/en/news/226159425.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/226159425.md)
---

# GMF issued a profit warning, expecting a net profit of 23 million to 34.5 million yuan for the fiscal year 2024, turning a profit compared to the same period last year

According to the Zhitong Finance APP, GMF (002551.SZ) released its annual performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 23 million yuan and 34.5 million yuan, turning from a loss to a profit year-on-year.

During the reporting period, the company continuously strengthened internal process management and cost control, resulting in a reduction of management expenses by approximately 30 million yuan compared to the same period last year, a decrease of 21%; the amount of asset impairment losses and credit impairment losses recognized during the reporting period decreased by approximately 60 million yuan compared to the same period last year, a decrease of 50.44%; the company's operating income for the reporting period is expected to be 1.3 billion yuan, an increase of 111 million yuan compared to the same period last year, mainly due to better progress in engineering projects compared to the previous year

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