Shaanxi Aerospace Power Hi-tech (600343.SH) announces expected loss, estimating a net loss of 170 million to 202 million yuan for the year 2024.

Shaanxi Aerospace Power Hi-tech (600343.SH) announced that the company expects to incur a net loss attributable to the owners of the parent company of 170 million to 202 million yuan in the year 2024. The company incurred a net loss of 195 million yuan in the same period last year. The company's main business was affected by market conditions, resulting in a decrease in product sales prices. Compared to the previous year, the revenue remained relatively stable, leading to a decrease in gross profit margin compared to the previous year, impacting profits by approximately -139 million yuan. Some of the company's inventories were impacted by product transformation and changes in customer orders, showing signs of impairment, resulting in a provision for inventory impairment of approximately 18 million yuan.