Qifan Cable: Net profit in 2024 is expected to decrease by 62.17%-68.09% year-on-year

On January 13th, Jinshi Data announced that it is expected to achieve a vesting net profit for shareholders of the listed company in 2024 of 135 million yuan to 160 million yuan, a decrease of 263 million yuan to 288 million yuan compared to the same period last year, a year-on-year decrease of 62.17% to 68.09%. The vesting net profit for shareholders of the listed company, excluding non-recurring gains and losses, is expected to be 125 million yuan to 150 million yuan, a decrease of 171 million yuan to 196 million yuan compared to the same period last year, a year-on-year decrease of 53.27% to 61.06%. During the reporting period, the company’s business scale, order quantity, and product gross profit margin have all declined to a certain extent due to factors such as reduced market demand and intensified industry competition. At the same time, the increase in order collection cycle has had a certain impact on capital costs, further squeezing the company’s profit space and causing a decline in performance compared to the same period last year.