
XNTS issues a profit warning, expecting a net loss of 125 million to 160 million yuan for the fiscal year 2024

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XNTS expects a net loss of between 125 million yuan and 160 million yuan for the fiscal year 2024. The company continues to invest in the construction of its industrial park business, while the gross profit margins of its cable, leasing, and property service businesses are relatively low. Additionally, changes in the fair value of investment funds and losses from affiliated enterprises have also led to a decline in operating performance. The impact of changes in the fair value of the funds is estimated to be between -45 million yuan and -55 million yuan, which is classified as non-recurring gains and losses
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