JINGCHENG MAC (00187) is expected to achieve a net profit attributable to the parent of approximately 6.3 million to 7.5 million in 2024, turning losses into profits year-on-year.

JINGCHENG MAC (00187) announced that it is expected to achieve a net profit attributable to shareholders of the listed company of approximately RMB 6.3 million to RMB 7.5 million in the 2024 fiscal year, turning a profit compared to the previous year. It is also expected to achieve a net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, of a loss of approximately RMB 4.7 million to RMB 5.6 million in the 2024 fiscal year, a decrease in loss of approximately RMB 59.27 million to RMB 60.17 million compared to the same period last year. The announcement stated that the expected profit is mainly due to the company's optimization of industry structure, product iteration and market expansion efforts, which have led to an overall increase in revenue and improved operational efficiency. Additionally, non-recurring gains such as debt restructuring have had a positive impact on the current performance. The expected non-recurring net loss is mainly due to the fact that emerging products like hydrogen are still in the early stages of market development and profitability may take time to fully realize. Competition in the low-temperature product market has intensified, leading to a decrease in domestic market share. Furthermore, the company's implementation of an equity incentive plan has increased stock payment expenses, affecting operating profit.