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JYKJ issued a profit warning, expecting a net loss of 90 million to 180 million yuan for the fiscal year 2024

Zhitong
Jan 24, 2025 at 08:35 AM
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JYKJ expects a net loss of 90 million to 180 million yuan for the fiscal year 2024, with a net loss of 100 million to 190 million yuan after deducting non-recurring gains and losses. Despite maintaining cooperation with media outlets such as Baidu, Huawei, and Samsung, and actively expanding new clients, the internet marketing business still faces fierce competition and funding constraints, leading to losses. Some subsidiaries, such as Beijing Duocai Interactive Advertising Co., Ltd., are expected to incur significant losses due to client attrition and low efficiency

According to the Zhitong Finance APP, JYKJ (300242.SZ) has released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company between 90 million to 180 million yuan for the year; the net loss after deducting non-recurring gains and losses is expected to be between 100 million to 190 million yuan.

In 2024, the company's internet marketing business will continue to collaborate with media such as Baidu, Huawei, and Samsung, while actively exploring new leading internet media and high-quality clients, and directly cooperating with media like Douyin and Kuaishou. As a result, the internet marketing business is expected to achieve rapid revenue growth in 2024. However, due to intense market competition in the internet marketing industry and limited operating funds, the company's internet marketing business is in a loss state. Some subsidiaries, such as Beijing Duocai Interactive Advertising Co., Ltd., are expected to incur significant losses due to client attrition and low employee efficiency

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