GongJin: Expected annual net loss of 90 million to 60 million yuan in 2024
GongJin announced that, according to preliminary calculations by the finance department, it is expected to achieve a net profit attributable to the owners of the parent company of -90 million yuan to -60 million yuan for the year 2024, indicating a loss compared to the same period last year. It is expected that the net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, will be -160 million yuan to -130 million yuan for the year 2024. The performance forecast data has not been audited by a certified public accountant, and the company has had preliminary communication with the auditing firm for the annual report. The main reasons for the expected performance loss are the sluggish market conditions for communication terminal equipment, intensified market competition, the company's product average price being at a low level, losses from subsidiaries, and a year-on-year decrease in exchange gains and losses, which have all contributed to a decline in the company's profitability during the reporting period
