Jiangsu Boxin Investing & Holdings (600083.SH) predicts a pre-loss and expects a net loss of 29 to 58 million yuan in 2024.

Jiangsu Boxin Investing & Holdings (600083.SH) announced that it expects to achieve a net loss attributable to the owners of the parent company of 29 to 58 million yuan in 2024, compared to a net loss of -123.79 million yuan for the same period last year. Due to limited resources and to control business risks, the company has implemented a business contraction strategy for its smart hardware and related products, resulting in a reduction in the scale of the company's smart hardware business. In addition, the wind power industry and urban infrastructure investment and construction are still in the process of recovery, with market demand falling short of expectations and intense competition on the supply side, leading to a decrease in the company's equipment leasing business income, overall resulting in a decrease in the company's operational efficiency.