---
title: "CBG issues a profit warning, with net profit for 2024 expected to decline by 69.60%-77.53% to between 170 million and 230 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/226182528.md"
description: "CBG released its 2024 performance forecast, expecting a net profit of 170 million to 230 million yuan, a year-on-year decrease of 69.60%-77.53%. The main reasons include intensified competition in the high-tech sector, a decline in product sales prices, as well as an increase in inventory impairment provisions in the real estate sector and excessive losses from certain subsidiaries"
datetime: "2025-01-24T15:06:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/226182528.md)
  - [en](https://longbridge.com/en/news/226182528.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/226182528.md)
generator: "portal-rs"
---

# CBG issues a profit warning, with net profit for 2024 expected to decline by 69.60%-77.53% to between 170 million and 230 million yuan

According to the Zhitong Finance APP, China Baon (000009.SZ) released its 2024 annual performance forecast, expecting a net profit attributable to shareholders of the listed company to be between 170 million yuan and 230 million yuan, a year-on-year decrease of 69.60%-77.53%.

The decline in net profit attributable to shareholders of the listed company during the reporting period is mainly due to the high-tech sector being affected by intensified competition and declining product sales prices, which has put pressure on overall profitability; it is also impacted by increased inventory impairment provisions in the real estate sector and excessive losses from certain subsidiaries

### Related Stocks

- [000009.CN](https://longbridge.com/en/quote/000009.CN.md)
- [600082.CN](https://longbridge.com/en/quote/600082.CN.md)

## Related News & Research

- [Top Economist Takes Aim at Kevin Warsh’s Fed: Is Trump’s New Chair an Independent ‘Hawky Hawk’ or a ‘MAGA Sock Puppet’?](https://longbridge.com/en/news/297519761.md)
- [10:17 ETDarkforce™ advances toward FedRAMP High for government deployment](https://longbridge.com/en/news/297666526.md)
- [Amwins acquires firearms industry insurer Joseph Chiarello & Co](https://longbridge.com/en/news/297783573.md)
- [Motus FY26 earnings per share rise 19% to 1,753 cents; revenue climbs 1% to ZAR 113.55 billion](https://longbridge.com/en/news/297734398.md)
- [Chinese internet giants set to reap AI profits in 2 to 3 years, UBS says](https://longbridge.com/en/news/297738432.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**