Wuhan East Lake High Technology Group (600133.SH) issued a profit warning, expecting a net profit of 500 million to 600 million yuan for the year 2024, a year-on-year decrease of 44% to 54%.

Wuhan East Lake High Technology Group (600133.SH) announced that the company expects to achieve a net profit attributable to the parent company's shareholders of 500 million to 600 million yuan in the fiscal year 2024, a decrease of 44% to 54% year-on-year. In 2023, the company transferred its 66% equity stake in Hubei Luqiao. After deducting the related investment income tax expenses, the net profit attributable to the parent company's shareholders in 2023 increased by approximately 632 million yuan. Excluding the impact of this transaction, the company's net profit attributable to the parent company's shareholders in 2023 was approximately 447 million yuan. Comparing with the same basis, the company expects to achieve a net profit of 500 million to 600 million yuan for the fiscal year 2024, with an increase of 53 million to 153 million yuan compared to the same period last year.