Sun Create Electronics (600990.SH) issues pre-loss warning, projecting a net loss of 185 million to 260 million yuan in 2024.

Sun Create Electronics (600990.SH) announced that, according to preliminary calculations by the financial department, it is expected to achieve a net profit attributable to shareholders of the listed company of -185 million yuan to -260 million yuan in 2024. Compared with the same period last year, the losses are expected to reduce by approximately 293 million yuan to 368 million yuan. It is expected to achieve a net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, of -230 million yuan to -310 million yuan in 2024. During the reporting period, the company's main business gross profit decreased compared to the previous year, due to factors such as intensified market competition. In particular, the perception product sector saw a decrease in gross profit margin mainly due to market competition. The perception basic sector, on the other hand, saw a decrease in gross profit margin as printed circuit boards experienced changes in order structure, with a decrease in large-scale batch orders and a focus on small-batch, multi-variety orders.