Guangdong Silver Age Sci&Tech,Co.,Ltd. announced that it is expected the net income attributable to shareholders of the listed company for 2024 will be 48 million yuan to 53 million yuan, an increase of 78%-96% year-on-year. The net income after deducting non-recurring gains and losses is expected to be 47.4 million yuan to 52.4 million yuan, up 38%-53% year-on-year. The main reason for the performance change is that the revenue for 2024 is expected to be approximately 2.024 billion yuan, a 21.52% increase compared to the same period last year; during the reporting period, no amortization will be made for the 2024 Stock-based Incentive expenses and the expenses will be reversed for the amortized amounts from previous years, resulting in a reduction of 20.79 million yuan in Stock-based Incentive expenses compared to the same period last year, and management expenses decreased significantly compared to the same period last year; during the reporting period, an impairment provision of 17.8 million was made; the production base in Vietnam incurred significant losses, while the Dongguan Songshan Lake Polymer Materials Industrial Park and the Zhuhai production base of Guangdong Silver Age Sci&Tech,Co.,Ltd. have both been completed and put into operation, leading to a significant increase in fixed asset depreciation expenses during the reporting period, and there were substantial costs for staff layoffs and relocation of production equipment.
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银禧科技:预计2024年净利润同比增长78%-96%
Guangdong Silver Age Sci&Tech,Co.,Ltd.: It is expected that the net income in 2024 will grow by 78%-96% year-on-year.
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