Sample Tech (01708) announced that it is expected to achieve net loss attributable to the parent company's shareholders of approximately RMB 12 million to RMB 18 million for the six-month period ending on June 30, 2024.
According to the announcement, the main reason for the loss in performance is the slower-than-expected recovery of the domestic market, intense competition in the industry, most projects being awarded at a low stock price, and the continuous increase in procurement costs. As a result, the overall revenue and gross margin of the group have declined, and it is expected that the group's revenue for the six-month period ending on June 30, 2024 will decrease by approximately 20%-30% compared to the same period last year.
The announcement stated that the main reason for the loss in performance is the slower-than-expected recovery of the domestic market, intense competition in the industry, most projects being awarded at a low stock price, and the continuous increase in procurement costs. As a result, the overall revenue and gross margin of the group have declined, and it is expected that the group's revenue for the six-month period ending on June 30, 2024 will decrease by approximately 20%-30% compared to the same period last year.