Fujian Furi Electronics (600203.SH) issued a profit warning, expecting a net loss of 330 million yuan in 2024.

Fujian Furi Electronics (600203.SH) announced that, according to preliminary calculations by the finance department, it is expected to achieve a net profit attributable to the owners of the parent company of -330 million yuan in the fiscal year 2024. It is estimated that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in the fiscal year 2024 will be -388 million yuan. In 2024, the consumer electronics industry as a whole showed a rebound trend, with deep cooperation between the company and its core customers driving growth in smart terminal business orders, leading to a year-on-year increase in operating income. However, due to fierce industry competition and reasons such as a hike in prices of key components in the first half of 2024, the gross profit margin of consumer terminal products declined. In order to enhance the company's core competitiveness, the company accelerated the research and development of new products and technologies, which is currently in the investment phase and has not yet generated substantial revenue.