FLYING TECHNOLOGY: Net profit in 2024 is expected to decrease by 85.3% to 90.2% year-on-year
FLYING TECHNOLOGY announced on the evening of January 20th that, according to preliminary calculations by the finance department, it is expected to achieve a net profit attributable to shareholders of the listed company of between 8 million and 12 million yuan for the year 2024. This represents a decrease of 6,965.78 million to 7,365.78 million yuan compared to the same period last year, which was 81,657.8 million yuan, a year-on-year decrease of 85.3% to 90.2%. During the reporting period, the company's product prices and order volumes both experienced a certain degree of decline, significantly squeezing profit margins, leading to a decrease in the gross profit margin and net profit margin of the main products, resulting in an overall decline in the company's performance
