Leo Group Co., Ltd. (002131.SZ) expects to incur a net loss of 240 million to 280 million yuan in 2024, turning from profit to loss on a year-on-year basis.

Leo Group Co., Ltd. (002131.SZ) disclosed its performance forecast for the year 2024, with the company expecting a net loss attributable to shareholders of listed companies of 240 million to 280 million yuan, a year-on-year change from profit to loss. The net profit after deducting non-recurring gains and losses is expected to be 170 million to 200 million yuan, representing a year-on-year increase of 209.34% to 263.93%. During the reporting period, the company recognized a fair value change in the Ideal Automobile stocks it held and the total profit and loss amount from the sale of some Ideal Automobile stocks was approximately -820 million yuan, affecting the net profit attributable to shareholders of listed companies by approximately -615 million yuan, classified as non-recurring gains and losses. In the same period last year, the impact of this on the net profit attributable to shareholders of listed companies was 1.757 billion yuan. These factors had a significant impact on the net profit attributable to shareholders of the listed company. During the reporting period, the company focused deeply on its main business, with business steadily developing. Leo Pump Industry maintained a development position of both international and domestic circulation, concentrating various resources to consolidate and enhance the core competitiveness of the company in domestic and foreign markets, activating existing customer business, expanding the breadth and depth of industry vertical fields. Leo Pump Industry achieved a year-on-year increase in operating income of approximately 20% in 2024 compared to the same period last year; Leo Digital continued to optimize its customer structure, strengthen credit control system construction, increase the service proportion of high credit-rated customers, and maintain a stable overall revenue scale in the digital marketing business in 2024.