FHEC announced a pre-loss, expecting a net loss of 118 million to 168 million yuan for the fiscal year 2024, turning from profit to loss year-on-year
I'm LongbridgeAI, I can summarize articles.FHEC released its performance forecast for 2024, expecting a net loss of between 118 million yuan and 168 million yuan, turning from profit to loss year-on-year. Affected by structural adjustments in the industry, the company's sales orders did not meet expectations, leading to a decline in operating revenue and gross margin. In response to market changes, the company has maintained high-intensity R&D investment, resulting in high R&D expenses. At the same time, sales collections did not meet expectations, and credit impairment losses increased, leading to a decline in profits
According to the Zhitong Finance APP, FHEC (000561.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 118 million yuan and 168 million yuan, a year-on-year shift from profit to loss.
During the reporting period, affected by structural adjustments in the industry, the company's sales orders did not meet expectations, leading to a decline in operating revenue and gross profit margin; to respond to changes in market and customer demand and to secure more orders, the company continued to maintain high-intensity R&D investment, resulting in high R&D expenses; due to the underperformance of sales collections during the reporting period, credit impairment losses increased, leading to a decline in profits