XINRI E-VEHICLE issued a profit warning, expecting a net profit of 25.6 million to 26.3 million yuan in 2024, a year-on-year decrease of 70% to 71%
I'm LongbridgeAI, I can summarize articles.XINRI E-VEHICLE expects a net profit of 25.6 million to 26.3 million yuan in 2024, a year-on-year decrease of 70% to 71%. Despite an improvement in product gross margin, the net profit has significantly declined due to complex market regulation, intensified industry competition, and a decrease in sales scale. The company's resource investment in channel expansion and lean improvement has also affected profit performance
According to the Zhitong Finance APP, XINRI E-VEHICLE (603787.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of 25.6 million to 26.3 million yuan for the year 2024. This represents a decrease of 61.68 million to 62.38 million yuan compared to the same period last year (statutory disclosure data), a year-on-year decrease of 70% to 71%.
In 2024, although the company's product gross profit has improved, the market regulatory environment is complex, industry competition has intensified, and sales scale has declined. At the same time, the company continues to increase its resource investment in channel expansion and lean improvement, resulting in a year-on-year decline in net profit attributable to shareholders of the listed company