---
title: "SING LEE issued a profit warning, expecting a loss increase of approximately 40.6% for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230671890.md"
description: "SING LEE Software issued a profit warning, expecting a loss of approximately 40.6% for the fiscal year 2024, increasing from about 8.264 million yuan in 2023 to approximately 12 million yuan. The increase in loss is mainly due to a decrease in revenue from technical support services and software product sales. Despite facing losses, the board believes that the group's financial condition is sound, with sufficient cash resources, and remains optimistic about the outlook, continuing to review strategies to enhance business performance and shareholder returns"
datetime: "2025-03-05T13:46:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230671890.md)
  - [en](https://longbridge.com/en/news/230671890.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230671890.md)
---

# SING LEE issued a profit warning, expecting a loss increase of approximately 40.6% for the fiscal year 2024

According to the Zhitong Finance APP, SING LEE (08076) announced that it expects to incur a net loss of approximately RMB 8.264 million for the year ending December 31, 2023, and anticipates a net loss of approximately RMB 12 million for the year ending December 31, 2024, representing an increase of about 40.6%. This increase in loss is mainly due to a decrease in revenue from providing technical support services and selling software products.

Although the group's unaudited performance for the year ending December 31, 2024, may show a loss, the board believes that the overall financial condition of the group is stable, and therefore the outlook remains optimistic. The board emphasizes that the group's financial condition is sound and has sufficient cash resources to meet its current and future cash flow needs. The board will continue to review the group's strategies and operations to enhance business performance and shareholder returns

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