---
title: "CHANGJIU HLDGS issued a profit warning, expecting a net profit of approximately 161 million to 163 million yuan for the fiscal year 2024, an increase of about 57.4% to 59.3% year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232210140.md"
description: "CHANGJIU HLDGS expects its net profit for the fiscal year 2024 to reach approximately RMB 161 million to RMB 163 million, representing a year-on-year growth of about 57.4% to 59.3%. The adjusted net profit is expected to be RMB 155 million to RMB 157 million, remaining roughly flat compared to the fiscal year 2023. The growth in net profit is primarily attributed to an increase in revenue from pledged vehicle monitoring services, a reduction in listing expenses and share incentive plan expenditures, as well as an increase in other income"
datetime: "2025-03-18T08:46:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232210140.md)
  - [en](https://longbridge.com/en/news/232210140.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232210140.md)
---

# CHANGJIU HLDGS issued a profit warning, expecting a net profit of approximately 161 million to 163 million yuan for the fiscal year 2024, an increase of about 57.4% to 59.3% year-on-year

According to the Zhitong Finance APP, CHANGJIU HLDGS (06959) announced that the group expects to achieve a net profit of approximately RMB 161 million to RMB 163 million for the reporting period (for the year ending December 31, 2024), an increase of approximately 57.4% to 59.3% compared to the net profit of approximately RMB 102 million for the year 2023.

The group expects to achieve an adjusted net profit (non-International Financial Reporting Standards measurement) (defined as net profit adjusted by adding back listing expenses and share-based compensation expenses related to the share incentive plan and deducting other income from the termination of other payable customer amounts) of approximately RMB 155 million to RMB 157 million for the reporting period, an increase of approximately 0.5% to 1.8% compared to the adjusted net profit (non-International Financial Reporting Standards measurement) of approximately RMB 154 million for the year 2023, remaining basically flat year-on-year.

According to the board's knowledge, the increase in net profit is mainly due to (i) an increase in income from pledged vehicle monitoring services, primarily due to an increase in the number of service agreements; (ii) a reduction in listing expenses and share-based compensation expenses related to the share incentive plan; and (iii) an increase in other income from the termination of other payable customer amounts

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