Beijing YanDong MicroElectronic (688172.SH) issued a forecasted loss, expecting a net loss of 206 million to 172 million yuan in 2024.

Beijing YanDong MicroElectronic (688172.SH) announced that, according to preliminary calculations by the finance department, it is expected to achieve a net profit attributable to the owners of the parent company of -206 million to - 172 million in 2024, resulting in a loss. Compared to the net profit attributable to the owners of the parent company of 452.29 million yuan in the previous year, it is expected to decrease by 658.29 million to 624.29 million yuan, a year-on-year decrease of 145.55% to 138.03%. It is expected to achieve a net profit attributable to the owners of the parent company after deducting non-recurring gains and losses of -338 million to - 282 million in 2024, resulting in a loss. Compared to the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses of 291.50 million yuan in the previous year, it is expected to decrease by 629.50 million to 573.50 million yuan, a year-on-year decrease of 215.95% to 196.74%. In 2024, the company's overall operating performance experienced a significant decline, mainly due to the impact of the macroeconomic environment on consumer products, market changes, a decline in demand for certain products leading to lower product prices. Additionally, the decline in operating performance of high-reliability businesses was influenced by changes in customer demand, product grade requirements, and objective environmental changes.