CYG: Expected net loss of 900 million to 600 million yuan in 2024

CYG announced that it expects the net profit attributable to shareholders of the listed company for the year 2024 to be between -900 million yuan and -600 million yuan, indicating a loss compared to the same period last year. It is expected that the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, will be between -950 million yuan and -650 million yuan. In 2023, the total profit was 169 million yuan, with a net profit attributable to shareholders of the listed company of 85.5398 million yuan, and a net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, of 71.2533 million yuan. In 2024, the company's operating income is expected to decline compared to the same period last year, with stable revenue from smart grid equipment and services, a significant decline in revenue from new energy engineering contracting business, and a decrease in performance in consumer electronics smart equipment and lithium battery cathode material businesses due to the macroeconomic situation and market environment