Guangzhou Fangbang Electronics (688020.SH) issues a pre-loss warning, expecting a net loss of 57 million to 90 million yuan in the fiscal year 2024.

Guangzhou Fangbang Electronics (688020.SH) announced that the company is expected to incur a net loss attributable to the owners of the parent company for the fiscal year 2024 compared to the same period last year (as disclosed by law), with an estimated net loss of 57 million to 90 million yuan. In 2024, the sales volume of shielding film for the full year is expected to increase compared to the previous year. However, due to overall cost reduction in the industry supply chain and intensified competition, the selling price of shielding film has slightly decreased. The overall profit capability of shielding film is expected to be basically the same as last year.