Summary by Futu AI
Jingcheng Mac issued a profit warning for the first half of 2024, expecting a net loss of RMB 3 million to 3.6 million attributable to shareholders of the listed company, a decrease of approximately RMB 26.09 million to 26.69 million from the same period last year. Excluding non-recurring profit and loss, the expected loss is about RMB 12.7 million to 13.3 million, a decrease of approximately RMB 18.53 million to 19.13 million year-on-year. The company explained that the performance loss was primarily due to the decline in gas storage and transportation sector's export business, fierce competition in the domestic market, and slower-than-expected growth in the new product market. In addition, in order to enhance core competitiveness, the company has increased investment in new product development and market expansion, resulting in a rise in period expenses. The company emphasized that this performance forecast is a preliminary estimation, and the specific financial data will be subject to the official semi-annual report, reminding investors to pay attention to investment risks.