Chengdu Jouav Automation Tech Co., Ltd. (688070.SH) has forecasted a pre-loss and expects a net loss of approximately 33.65 million yuan in the fiscal year 2024.

Chengdu Jouav Automation Tech Co., Ltd. (688070.SH) announced that the company expects to achieve a net loss of approximately 33.65 million yuan attributable to the shareholders of the listed company in 2024, a decrease of approximately 30.85 million yuan compared to the same period last year. To maintain market competitiveness and prepare for strategic markets in advance, the company continues to increase its investment in research and development of new products such as the Cloud Dragon heavy-duty unmanned aerial vehicle and unmanned surveillance systems. Research and development expenses have increased year-on-year, and the depreciation of fixed assets has increased significantly after the use of the company's raised funds investment projects, leading to an increase in operating expenses such as management expenses. Due to the above factors, the company's net profit continues to be in a loss.