Champion Asia: Expected net loss of 130 million to 160 million yuan for the fiscal year 2024

Champion Asia announced that it expects to achieve a net profit attributable to shareholders of the listed company for the year 2024 to be between -160 million yuan and -130 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, after deducting non-recurring gains and losses, will be between -180 million yuan and -150 million yuan for the year 2024. During the reporting period, affected by fluctuations in demand from downstream industry customers, some industries being in a destocking phase, and intensified competition in the PCB industry, the company's export orders declined year-on-year, and domestic sales orders grew insufficiently. The company's sales revenue and average product price both declined year-on-year. At the same time, the company experienced underutilization of production capacity, leading to higher allocation of fixed costs such as depreciation and labor costs, resulting in a decrease in product gross profit margin and operating performance losses