On October 14th, SuZhou Cheersson Precision Metal Forming (002976.SZ) announced its performance forecast for the first three quarters of 2024, the net income attributable to the shareholders of the listed company is expected to be a loss of 4.4987 to 6.6356 million yuan, compared to a profit of 58.1433 million yuan in the same period last year; after deducting non-recurring gains and losses, the net income is expected to be a loss of 9.552 to 14.0892 million yuan, compared to a profit of 55.6989 million yuan in the same period last year; basic earnings per share are expected to be a loss of 0.04 to 0.05 yuan per share.

In the third quarter of 2024, the net income attributable to the shareholders of the listed company is expected to be a loss of 10.0635 to 14.8437 million yuan, compared to a profit of 6.5942 million yuan in the same period last year; after deducting non-recurring gains and losses, the net income is expected to be a loss of 12.2477 to 18.0653 million yuan, compared to a profit of 5.3057 million yuan in the same period last year; basic earnings per share are expected to be a loss of 0.08 to 0.12 yuan per share.

During the reporting period, the accounting statement included the subsidiary Pride Autos Technology (Suzhou) Co., Ltd., which led to the increased loss in the current period due to significant R&D investment and increased expenses in the earlier period; exchange rate fluctuations significantly reduced the foreign exchange gains compared to the reporting period; the company's new energy battery precision structural components project incurred significant R&D investment and increased expenses, contributing to the increased loss in the current period. These reasons resulted in a significant decline in the company's operational performance in the first three quarters of 2024.