Gelonghui, April 12 | Tongda Co., Ltd. (002560.SZ) announced its results forecast for the first quarter of 2024. Net profit attributable to shareholders of listed companies during the reporting period was 13.0584 million yuan - 17.412 million yuan, down 49.76%-62.32% from the same period last year; net profit after deducting non-recurring profit and loss was 10.7546 million yuan - 14.3395 million yuan, down 59.25% - 69.44% from the same period last year; basic profit per share was 0.0248 yuan/share - 33.01 yuan/share.

During the reporting period, the company's wire and cable business received a year-on-year increase in sales orders, but delivery volume declined year-on-year due to the pace of demand from downstream customers; during the reporting period, the company's aircraft parts precision processing and assembly sector was affected by industry policies, and various aviation mainframe manufacturing units under China Aviation Industry experienced a decrease in demand, production orders fluctuated, and procurement prices for batch products were adjusted, and new product development took up part of production capacity and R&D expenses. As a result, the company's wholly-owned subsidiary Chengdu Airlines experienced a significant decline in revenue scale and product gross margin.