Gem-year Industrial (601002.SH) disclosed its performance forecast for the first half of 2024, with an expected net loss attributable to shareholders of the listed company of 20 million yuan to 28 million yuan, and a net loss attributable to shareholders of the listed company after deducting non-recurring gains and losses of 19 million yuan to 27 million yuan. The profit turned into a loss year-on-year.
During the reporting period, the company's overall performance was in a loss due to the decrease in sales volume and selling price of fastening products, as well as the low gross margin caused by fierce market competition and the impact of the fastening industry market environment.