--- title: "BDStar expects a pre-loss, with an estimated net loss of 328 million to 398 million yuan for the fiscal year 2024, turning from profit to loss year-on-year" type: "News" locale: "en" url: "https://longbridge.com/en/news/225056000.md" description: "BDStar expects a net loss of RMB 328 million to RMB 398 million for the fiscal year 2024, turning from profit to loss year-on-year. The reasons for the performance change include: a decrease in investment income of approximately RMB 390 million due to the sale of a 15% stake in Beidou Zhilian Technology Co., Ltd., a reduction in net profit of approximately RMB 100 million due to the impact of project delays and cancellations on the special chips and information equipment business, and a decline in international agency income from navigation products of approximately RMB 30 million. In addition, the company plans to recognize credit impairment losses and asset impairment losses estimated at RMB 165 million to RMB 190 million" datetime: "2025-01-15T13:05:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/225056000.md) - [en](https://longbridge.com/en/news/225056000.md) - [zh-HK](https://longbridge.com/zh-HK/news/225056000.md) --- # BDStar expects a pre-loss, with an estimated net loss of 328 million to 398 million yuan for the fiscal year 2024, turning from profit to loss year-on-year According to the Zhitong Finance APP, BDStar (002151.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 328 million yuan and 398 million yuan for the year, a shift from profit to loss compared to the previous year. Reasons for the performance change: 1. In 2023, the company sold 15% of its equity in Beidou Zhilian Technology Co., Ltd., realizing an investment income of 440 million yuan, which is a decrease of approximately 390 million yuan in investment income compared to the previous year. 2. The special chip and information equipment business was affected by project delays and cancellations, resulting in a decrease of approximately 100 million yuan in net profit attributable to the parent company compared to the same period last year. The international agency products in the navigation product business saw a decline in revenue due to the impact of domestic substitution, leading to a decrease of approximately 30 million yuan in net profit attributable to the parent company. 3. Based on the principle of prudence, in conjunction with market conditions and accounting standards requirements, the company plans to recognize credit impairment losses and asset impairment losses of approximately 165 million to 190 million yuan for 2024, which is expected to reduce the net profit attributable to shareholders of the listed company by 165 million to 190 million yuan. The impact of impairment matters on net profit attributable to the parent company during the reporting period is not significantly different from the same period last year ### Related Stocks - [002151.CN](https://longbridge.com/en/quote/002151.CN.md) - [688282.CN](https://longbridge.com/en/quote/688282.CN.md) - [300177.CN](https://longbridge.com/en/quote/300177.CN.md) - [300101.CN](https://longbridge.com/en/quote/300101.CN.md) - [000409.CN](https://longbridge.com/en/quote/000409.CN.md) - [301252.CN](https://longbridge.com/en/quote/301252.CN.md) - [688603.CN](https://longbridge.com/en/quote/688603.CN.md) - [688507.CN](https://longbridge.com/en/quote/688507.CN.md) ## Related News & Research - [11:47 ETNorthwestern Mutual Named Among Nation's Top Independent Broker-Dealers by Financial Planning Magazine](https://longbridge.com/en/news/296250871.md) - [SPCX's AI Dreams Hinge on One Huge Starship Test, Bernstein Says: Full Reusability Is ‘Absolutely Central’ to Long-Term Valuation Upside](https://longbridge.com/en/news/296207884.md) - [Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Sees Large Decline in Short Interest](https://longbridge.com/en/news/296005801.md) - [Transportation and Logistics Systems delays Q2 10-Q filing after reverse stock split timing changes](https://longbridge.com/en/news/295962562.md) - [Genertec Universal International Financial Leasing completes RMB 250 million medium-term notes sale at 1.79%](https://longbridge.com/en/news/296204090.md)