Xuancheng Valin Precision Technology (603356.SH) has issued a profit warning, expecting a net loss of 135 million to 90 million yuan in 2024.

Xuancheng Valin Precision Technology (603356.SH) announced that, according to preliminary estimates by the finance department, the net profit attributable to the owners of the parent company is expected to be between -135 million and -90 million yuan in 2024, resulting in a loss. The net profit after deducting non-recurring gains and losses is expected to be between -130 million and -85 million yuan in 2024. In recent years, the growth of China's real estate market has slowed down, leading to intensified competition in the elevator and related accessories industry. Meanwhile, the overall demand has decreased due to market conditions and fluctuations in raw materials. Therefore, the company's overall sales revenue and profits are expected to decline during the forecast period.