KinLong: Net profit for 2024 is expected to decrease by 62.96% to 72.22% year-on-year

KinLong announced on the evening of January 16 that it expects to achieve a net profit attributable to shareholders of the listed company of 90 million to 120 million yuan in 2024, a year-on-year decrease of 62.96% to 72.22%. The construction industry will still be in deep adjustment in 2024, and the demand for domestic construction supporting parts will further decline. Although there is some growth in overseas market business, the overall scale overseas is still relatively small. The company's operating revenue is expected to decrease by approximately 14% to 15% year-on-year in 2024