Chongqing Wangbian Electric (Group) Corp., (603191.SH) has issued a profit warning, with an estimated net profit of 62-82 million yuan in 2024, a year-on-year decrease of 65.05% to 73.57%.

Chongqing Wangbian Electric(Group)Corp., (603191.SH) announced that, according to preliminary calculations by the financial department, it is expected to achieve a net profit attributable to the owners of the parent company of 62-82 million yuan in 2024, a decrease of 152.59-172.59 million yuan compared to the same period last year, a year-on-year decrease of 65.05% to 73.57%. It is expected to achieve a net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, of 39-59 million yuan in 2024, a decrease of 166.13-186.13 million yuan compared to the same period last year, a year-on-year decrease of 73.79% to 82.68%.