Suzhou Keda Technology (603660.SH) announced a forecasted net loss of 120 million to 180 million yuan for the 2024 fiscal year.

Suzhou Keda Technology (603660.SH) announced in its 2024 annual performance forecast that it is expected to incur a net loss attributable to shareholders of the listed company of 120 million to 180 million yuan in 2024, a decrease of 84 million to 144 million yuan compared to the previous year. In 2024, due to factors such as the domestic macroeconomic environment, the short-term insufficient demand from downstream customers has led to the company's traditional business not recovering as expected. Secondly, the company has adopted a more conservative marketing strategy in some industries or regions in China, controlling the scale of accounts receivable and proactively abandoning projects that may bring risks of accounts receivable repayment. In addition, the company has made certain adjustments to the investment proportion in some businesses and regions, trying to expand more market opportunities outside of the government, which has to some extent affected the company's business income in the traditional core markets. On the expense side, due to the company's continued large investment in research and development in areas such as artificial intelligence and localization, the expenses remain relatively rigid.