Ningbo Marine (600798.SH) issues a profit warning, expecting a net profit of 17.6 million to 26.4 million yuan in 2024, a year-on-year decrease of 84.25% to 76.38%.

Ningbo Marine (600798.SH) announced that the company expects to achieve a net profit attributable to shareholders of the listed company of 17.6 million to 26.4 million in 2024, a decrease of 94.16 million to 85.36 million compared to the same period last year, with a year-on-year decrease of 84.25% to 76.38%. The company's main business includes waterway cargo transportation and toll road operation. In the waterway cargo transportation business, the company mainly focuses on domestic coastal coal transportation. Despite a significant increase in domestic coastal bulk cargo transportation prices in the fourth quarter of 2024, the company's transportation business gross profit decreased significantly in 2024 due to domestic coastal bulk cargo transportation prices remaining at historically low levels in the first three quarters and the company's large proportion of domestic business. In the toll road operation business, the company's revenue decreased due to the impact of vehicle diversion from the opening of new road networks around the beginning of the year. The significant decrease in the gross profit of the company's two main businesses mentioned above resulted in a significant decrease in the net profit attributable to shareholders of the listed company in 2024 compared to the same period last year.