CNBM(03323): Sinoma Science & Technology(002080.SZ) forecasts a year-on-year decline of 57.26% to 71.48% in net profit attributable to the parent in 2024.

CNBM (03323) announced that its subsidiary Sinoma Science & Technology (002080.SZ) is expected to achieve a net profit attributable to Sinoma Science & Technology shareholders of approximately 634 million to 950 million yuan in 2024, a year-on-year decrease of 57.26% to 71.48%; the estimated non-GAAP net profit is about 283 million to 424 million yuan, a year-on-year decrease of 8.40% to 85.59%. The main reason for the performance change in this reporting period compared to the same period last year is mainly due to the decrease in prices of Sinoma Science & Technology's main products. Financial indicators such as net profit attributable to Sinoma Science & Technology shareholders, net profit attributable to Sinoma Science & Technology shareholders after deducting non-recurring gains and losses, and basic earnings per share have decreased compared to the same period last year.