Jiangsu Topfly New Materials (001373.SZ) issued a pre-announcement, expecting a year-on-year decrease in net profit of 56.01%-65.94% for the year 2024.

Jiangsu Topfly New Materials (001373.SZ) has released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 12-15.5 million yuan, a year-on-year decrease of 56.01%-65.94%. During the reporting period, the company's sales revenue and gross profit margin have decreased due to intensified competition in the industry and strategic adjustments in some downstream customers' industries. Faced with increasingly fierce industry competition, the company continues to focus on its core business, actively exploring the market, developing new customers, and increasing sales expenses during the reporting period.