According to the announcement from Farsoon (688433.SH), the company expects to achieve a net profit attributable to the owners of the parent company of between RMB 55.6782 million and RMB 82.4862 million for the year 2024. This represents a decrease of RMB 48.6749 million to RMB 75.4829 million compared to the same period last year (statutory disclosure data), a year-on-year decrease of 37.11% to 57.55%.

The main reason for the expected decline in operating performance for the year 2024 compared to the same period last year is that certain downstream application industries experienced fluctuations in product demand due to industry cycles, and the impact of extended payment terms for orders in hand in the industry. As a result, the company has not recognized revenue for orders that do not meet revenue recognition criteria, leading to a decrease in sales revenue compared to the same period last year. At the same time, the company continues to increase its R&D investment in 2024, with R&D expenses rising compared to the same period last year, and operating costs continuing to increase, resulting in a significant decline in net profit attributable to the owners of the parent company