Suzhou Industrial Park Heshun Electric (300141.SZ) expects to incur a net loss of 21 million to 27 million yuan in 2024, turning from a profit to a loss year-on-year.

Suzhou Industrial Park Heshun Electric (300141.SZ) announced its performance forecast for 2024, expecting a net loss of 21-27 million yuan attributable to shareholders of the listed company for the full year, a year-on-year change from profit to loss. The main reasons for the performance loss are as follows: during the reporting period, the company implemented an equity incentive plan, resulting in additional equity incentive expenses to be amortized; actively developing new products, leading to a significant increase in research and development expenses compared to the same period last year; the company expects a significant increase in credit losses and asset impairment provisions compared to the same period last year; intense competition in traditional industries such as power distribution is impacting the company's net profit.