Truking issued a profit warning, expecting a net loss of 380 million to 480 million yuan for the fiscal year 2024, a significant year-on-year turnaround to a loss
Truking expects a net loss of 380 million to 480 million yuan for the year 2024, a significant turnaround from profit to loss compared to the previous year. The reasons for the loss include: adjustments to the sales prices of certain products leading to a decline in gross margin; conducting impairment tests on inventory and making provisions for impairment; conducting goodwill impairment tests on subsidiaries and making provisions for impairment
According to the Zhitong Finance APP, Truking (300358.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 380 million yuan and 480 million yuan for the year, a significant turnaround from profit to loss year-on-year.
The main reasons for the net profit loss in 2024 are: ① To ensure market scale, stabilize existing volume, and expand new volume, the sales prices of certain products were appropriately adjusted, resulting in a decline in the company's overall gross profit margin; ② In accordance with the provisions of enterprise accounting standards, a decline in the net realizable value of inventory was tested, and corresponding inventory impairment provisions were made; ③ In accordance with the provisions of enterprise accounting standards, annual goodwill impairment tests were conducted for subsidiaries Romaco Group and Chutian Huaton, and corresponding goodwill impairments were recognized
