---
title: "712 Corp. issued a pre-loss announcement, expecting a net loss of between 312 million yuan and 212 million yuan for the fiscal year 2024"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/224867994.md"
description: "712 Corp. expects a net loss of between 312 million yuan and 212 million yuan for the fiscal year 2024, representing a loss compared to the same period last year. After excluding non-recurring gains and losses, the expected net loss is between 352 million yuan and 252 million yuan. Due to sales orders not meeting expectations, operating revenue and gross margin have declined, while the company continues to invest in research and development to maintain its industry position, resulting in a profit decline"
datetime: "2025-01-14T08:27:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/224867994.md)
  - [en](https://longbridge.com/en/news/224867994.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/224867994.md)
generator: "portal-rs"
---

# 712 Corp. issued a pre-loss announcement, expecting a net loss of between 312 million yuan and 212 million yuan for the fiscal year 2024

According to the Zhitong Finance APP, 712 Corp. (603712.SH) released its annual performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company between 312 million yuan and 212 million yuan, indicating a loss compared to the same period last year (statutory disclosure data). The net loss attributable to shareholders of the listed company, excluding non-recurring gains and losses, is expected to be between 352 million yuan and 252 million yuan for the year 2024.

During the reporting period, the company's sales orders did not meet expectations, leading to a decline in operating revenue and gross profit margin; at the same time, to ensure the company's industry position and strive for more market orders, the company continued to invest in research and development, resulting in high R&D expenses and a decline in profits

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