ST KEXIN announced a preliminary profit, expecting a net profit of 35.3497 million yuan to 42.418 million yuan for the fiscal year 2024
KEXIN DEVELOPMENT released its 2024 performance forecast, expecting a net profit of between 35.3497 million yuan and 42.418 million yuan, turning a profit. The net profit after deducting non-recurring gains and losses is expected to be between 8.6827 million yuan and 10.4189 million yuan. The company focuses on renovation business, adding multiple types of renovation projects and signing several orders to drive business growth. In addition, it is expected to sell its equity in Shaanxi Runtin Advertising Co., Ltd. in the fourth quarter of 2024, obtaining an investment income of approximately 12.49 million yuan
According to the Zhitong Finance APP, *ST KEXIN (600234.SH) released its 2024 annual performance forecast, estimating that the net profit attributable to the parent company's owners for 2024 will be between 35.3497 million yuan and 42.418 million yuan, and the net profit attributable to the parent company's owners after deducting non-recurring gains and losses will be between 8.6827 million yuan and 10.4189 million yuan. Compared to the same period last year, it will achieve a turnaround from loss to profit.
The company has focused on expanding its renovation business segment this period, adding various renovation projects such as clubs, schools, factories, apartments, and the upgrading of old residential communities, in addition to its previous residential, hotel, and office renovation projects. It has signed multiple business orders, achieving growth in the renovation segment. The company expects to gain approximately 12.49 million yuan in investment income from the sale of its equity in Shaanxi Runtin Advertising Co., Ltd. in the fourth quarter of 2024
