Zhejiang Weihua New Material (603310.SH) issued a profit warning, expecting a net profit of 240 million to 276 million yuan for the 2024 fiscal year, a decrease of 44.75% to 51.96% year-on-year.

Zhejiang Weihua New Material (603310.SH) released its annual performance forecast for 2024. According to preliminary calculations by the finance department, it is expected that the company's net profit attributable to the owners of the parent company will be between 240 million and 276 million yuan in 2024, a year-on-year decrease of 44.75% to 51.96%. It is also expected that the company's net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be between 220 million and 256 million yuan in 2024, a year-on-year decrease of 47.74% to 55.09%.