Ways Electron (605218.SH) issued a profit warning, expecting a net profit of 52-62 million yuan in 2024, a year-on-year decrease of 55.93% to 47.46%.

Ways Electron (605218.SH) announced that, according to preliminary calculations by the financial department, the estimated net profit attributable to the shareholders of the listed company in 2024 is expected to be between 52 million to 62 million yuan, a decrease of 66.0047 million to 56.0047 million yuan compared to the same period last year, a year-on-year decrease of 55.93% to 47.46%. After deducting non-recurring gains and losses, the company expects the net profit attributable to the shareholders of the listed company in 2024, excluding non-recurring gains and losses, to be between 44.50 million and 53 million yuan, a decrease of 42.389 million to 33.889 million yuan compared to the same period last year, a year-on-year decrease of 48.79% to 39.00%. During the reporting period, the company continued to increase its investment in research and development and market expansion efforts, in order to develop new customers and increase market share with more competitive prices and product development, resulting in a pressure on profit margins despite the growth in revenue. In addition, in the same period last year, due to the valuation increase of Anhui Dongchao Technology Co., Ltd., the company confirmed the fair value change income of its investment, which correspondingly increased the profit level from the previous year.