Loongson Technology Corporation (688047.SH) announced a forecasted net loss of approximately 619 million yuan in 2024.

Loongson Technology Corporation (688047.SH) announced that it is expected to achieve operating income of approximately 506 million yuan in 2024, which is roughly the same as the previous year. The net profit attributable to the owners of the parent company in 2024 is expected to be around -619 million yuan, a decrease of approximately 289.56 million yuan compared to the previous year, with a year-on-year decrease of around 87.89%. The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in 2024 is expected to be around -655 million yuan, a decrease of approximately 213.99 million yuan compared to the previous year, with a year-on-year decrease of around 48.24%.