Jiangsu Zongyi (600770.SH) issued a profit warning, expecting a net profit of approximately 26 million yuan for the year 2024, turning losses into gains.

Jiangsu Zongyi (600770.SH) announced that the company expects to achieve a net profit attributable to shareholders of the listed company of approximately 26 million yuan in 2024, a turnaround from a loss compared to the same period last year. Facing an increasingly complex economic situation in 2024, the company continues to promote the development of various business sectors, expand and implement new business growth points, and overall business income is steadily increasing compared to the previous year. This year, the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, has significantly reduced losses compared to the previous year. This is mainly due to the subsidiary Jiangsu High-tech Industry Investment Co., Ltd. further strengthening project management and optimizing management mechanisms, resulting in a turnaround this year. Subsidiaries Shenzhen Yineda Financial Information Co., Ltd. and Beijing Shenzhou Longxin Integrated Circuit Design Co., Ltd. incurred losses due to factors such as market environment and business investment, resulting in a loss of net profit excluding non-recurring gains and losses for the current period.