Keystone Technology (605588.SH) announced a forecasted loss, expecting a net loss of 12 to 18 million yuan for the year 2024, turning from profit to loss.

Keystone Technology (605588.SH) announced that the company is expected to incur a net loss attributable to the owners of the parent company ranging from 18 million to 12 million yuan in the fiscal year 2024, compared to a net profit of 52.216 million yuan in the same period last year. The main reasons for the expected performance loss are as follows: 1. The subsidiary Ningbo Guanshi Semiconductor Co., Ltd.'s photomask project is still in the investment stage, leading to a larger loss in net profit for the fiscal year 2024 compared to the previous year. 2. Due to the overall impact of the LCD panel industry, the company's LCD panel production line has a low capacity utilization rate, and a provision for impairment of related production equipment was made at the end of the period (the final impairment amount is subject to audit and evaluation results). 3. The gross profit margin from the sales of semiconductor display devices has decreased.