Modern High-tech expects a pre-loss, with an estimated net loss of 47.9941 million to 67.9941 million yuan for the year 2024, turning from profit to loss year-on-year
I'm LongbridgeAI, I can summarize articles.Modern High-tech released its 2024 annual performance forecast, expecting a net loss attributable to shareholders of between 47.9941 million yuan and 67.9941 million yuan for the year, turning from profit to loss compared to the previous year. Due to the completion and commissioning of new expansion projects, the depreciation of plant and equipment has significantly increased, production capacity has not yet reached full capacity, unit fixed costs have risen significantly, and the gross profit margin of the main business has declined year-on-year
According to the Zhitong Finance APP, Modern High-tech (300876.SZ) released its annual performance forecast for 2024, expecting a net loss attributable to the parent company of RMB 47.9941 million to RMB 67.9941 million, a shift from profit to loss year-on-year.
During the reporting period, the parent company's newly constructed expansion project was completed and put into use, leading to a significant increase in depreciation of plant and equipment, while production capacity was still in the ramp-up phase and could not reach full production, resulting in a substantial increase in unit fixed costs and a decline in the gross profit margin of the main business year-on-year