---
title: "FLYING TECHNOLOGY: Net profit in 2024 is expected to decrease by 85.3% to 90.2% year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225525638.md"
description: "FLYING TECHNOLOGY expects its net profit in 2024 to decrease by 85.3% to 90.2% year-on-year, with an estimated net profit attributable to shareholders of the listed company ranging from 8 million to 12 million yuan, a decrease of 69.6578 million to 73.6578 million yuan compared to the same period last year, which was 81.6578 million yuan. The decline in product prices and order volume has squeezed profit margins, leading to a decrease in gross profit margin and net profit margin of its main products, resulting in an overall performance decline"
datetime: "2025-01-20T08:55:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225525638.md)
  - [en](https://longbridge.com/en/news/225525638.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225525638.md)
generator: "portal-rs"
---

# FLYING TECHNOLOGY: Net profit in 2024 is expected to decrease by 85.3% to 90.2% year-on-year

FLYING TECHNOLOGY announced on the evening of January 20th that, according to preliminary calculations by the finance department, it is expected to achieve a net profit attributable to shareholders of the listed company of between 8 million and 12 million yuan for the year 2024. This represents a decrease of 6,965.78 million to 7,365.78 million yuan compared to the same period last year, which was 81,657.8 million yuan, a year-on-year decrease of 85.3% to 90.2%. During the reporting period, the company's product prices and order volumes both experienced a certain degree of decline, significantly squeezing profit margins, leading to a decrease in the gross profit margin and net profit margin of the main products, resulting in an overall decline in the company's performance

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**