Gelonghui, April 12 | Tianao Electronics (002935.SZ) announced the results forecast for the first quarter of 2024. The net profit loss attributable to shareholders of listed companies during the reporting period was 9.61 million yuan to 8.60 million yuan, a decrease of 11.56% to 20.77% over the same period of the previous year; net profit loss after deducting non-recurring profit and loss was 10.39% to 19.35% over the same period last year; basic earnings loss per share was 0.0293 yuan/share — 0.0264 yuan/share.

In the first quarter of 2024, the company closely focused on the annual business goals and steadily promoted various production and operation tasks. Revenue achieved in the first quarter decreased compared to the same period last year, but cost control was strengthened. At the same time, thanks to additional VAT deductions, the loss margin was reduced compared to the same period last year.

The company's business performance in the first quarter has obvious seasonal characteristics, which is a common phenomenon in the company's industry. Therefore, investors cannot simply use the company's financial data for the first quarter to estimate operating results, cash flow, and financial conditions for the whole year.