---
title: "XNTS issues a profit warning, expecting a net loss of 125 million to 160 million yuan for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/226167736.md"
description: "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"
datetime: "2025-01-24T13:30:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/226167736.md)
  - [en](https://longbridge.com/en/news/226167736.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/226167736.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/226167736.md) | [繁體中文](https://longbridge.com/zh-HK/news/226167736.md)


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

According to the Zhitong Finance APP, XNTS (000720.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of 125 million to 160 million yuan for the entire year. During the reporting period, on one hand, the company's industrial park business construction projects are still in a continuous investment phase, and the gross profit margins of the cable business, leasing, and property services are relatively low. On the other hand, the funds invested by the company experienced fair value changes, and the affiliated enterprises incurred losses, leading to an expected operating performance loss for the company. Among them, the fair value change of the funds invested by the company is expected to impact the amount by -45 million to -55 million yuan, which is classified as non-recurring gains and losses

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