Hubei Geoway Investment (600462.SH) issued a profit warning, expecting a net profit of approximately 20.72 million yuan in the year 2024, turning from a loss to a profit year-on-year.

Hubei Geoway Investment (600462.SH) has released its annual performance forecast for 2024, estimating a net profit attributable to the shareholders of the listed company of around 20.72 million yuan, which will turn the previous year's losses into profits; it is expected that the net loss after deducting non-recurring gains and losses attributable to the shareholders of the listed company in 2024 will be around 29.89 million yuan. During the reporting period, the company recognized share-based payment expenses of 2.27 million yuan, a decrease of 79% compared to the same period last year. During the reporting period, the company's cosmetics sales business continued to expand its promotion and brand building efforts, leading to an increase in operating income and an improvement in the company's overall business gross profit margin.