Hangzhou Gaoxin Materials Technology (300478.SZ) issued a profit warning, forecasting a net loss of 22-28 million Yuan for the year 2024, compared to a profit in the previous year.

Hangzhou Gaoxin Materials Technology (300478.SZ) released its 2024 performance forecast, expecting a net loss of 22 to 28 million yuan attributable to the shareholders of the listed company for the whole year, a change from profit to loss compared to the previous year. The significant change in net profit attributable to the shareholders of the listed company during the reporting period is due to a large amount of non-recurring gains and losses in the previous year. The impact of non-recurring gains and losses on net profit for the reporting period is estimated to be 1.2 million yuan.