HESH announced a pre-loss, expecting a net loss of 20.5 million to 30.75 million yuan for the fiscal year 2024, turning from profit to loss
I'm LongbridgeAI, I can summarize articles.HESH expects a net loss of RMB 20.5 million to RMB 30.75 million for the fiscal year 2024, turning from profit to loss. The net loss after deducting non-recurring gains and losses is estimated to be RMB 22 million to RMB 32.5 million. The company's revenue and gross profit have declined, affected by intensified industry competition and reforms in medical insurance payment methods, while also increasing investments in innovative businesses, digitalization, and research and development projects
According to the Zhitong Finance APP, HESH (301103.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of RMB 20.5 million to RMB 30.75 million, turning from profit to loss; the net loss after deducting non-recurring gains and losses is expected to be RMB 22 million to RMB 32.5 million, also turning from profit to loss.
During the reporting period, industry competition intensified, and the impact of the reform of medical insurance payment methods led to a decline in the company's revenue and gross profit. The company has made significant investments in innovative businesses, digitalization, and R&D projects, resulting in an increase in related costs and expenses compared to the same period last year