Sichuan Huafeng Technology (688629.SH) releases a forecasted loss, expecting a net loss of 16 to 24 million yuan in 2024.

Sichuan Huafeng Technology (688629.SH) announced that the company expects to incur a net loss attributable to the owners of the parent company in the fiscal year 2024 compared to the same period last year (according to statutory disclosure data), with a net loss of 16 to 24 million yuan. During the reporting period, due to the impact of the defense market environment, customer procurement plans were adjusted, some orders were delayed, and the company could not obtain a sufficient volume of orders as originally planned; at the same time, influenced by the low-cost requirements of defense equipment, the company's gross profit margin decreased. Although the company actively took countermeasures, the effects have not yet fully shown. Therefore, the company's profits decreased during the reporting period.