Hangzhou Hota M&e Holdings (001225.SZ) predicts a decrease in net profit for the year 2024 of 54-68 million Yuan, a decrease of 40.28%-52.57%.

Hangzhou Hota M&E Holdings (001225.SZ) released its 2024 performance forecast, expecting a net profit attributable to shareholders of the listed company of 54-68 million yuan for the full year, a year-on-year decrease of 40.28%-52.57%. During the reporting period, the company's main downstream cement industry saw a reduction or slowdown in the construction of new production lines, while the operating rate of cement production line equipment decreased. This led to an impact on the demand for the company's machinery and spare parts market, causing adverse effects on the company's operating performance.