SDICZL issued a profit warning, expecting a net profit of 22.8 million to 32 million yuan for the year 2024, a year-on-year decrease of 60.84% to 45.04%
I'm LongbridgeAI, I can summarize articles.SDICZL released its 2024 performance forecast, expecting a net profit of 22.8 million to 32 million yuan, a year-on-year decrease of 60.84% to 45.04%. After deducting non-recurring gains and losses, the net profit is expected to be 23.57 million to 32.77 million yuan, a year-on-year decrease of 62.59% to 47.99%. The performance downgrade is mainly due to the operating losses of its subsidiary Zhonglu (Europe) Sp. z, caused by reduced raw material production and weak sales, as well as the decline in the selling price of main products and increased costs, leading to a decrease in gross profit margin
According to the Zhitong Finance APP, SDICZL (600962.SH) released its 2024 annual performance forecast, estimating a net profit attributable to the parent company's owners of between 22.8 million and 32 million yuan for 2024, a year-on-year decrease of 60.84% to 45.04%; it is expected that the net profit attributable to the parent company's owners, excluding non-recurring gains and losses, will be between 23.57 million and 32.77 million yuan, a year-on-year decrease of 62.59% to 47.99%.
The main reason for the decrease in performance this period: the subsidiary Zhonglu (Europe) Sp. z O.O. incurred operating losses due to high costs from reduced raw material production and weak sales; the company's main product prices declined, costs increased, and product gross profit margins decreased, resulting in a reduction in gross profit