New East New Materials (603110.SH) issued a profit warning, expecting a net profit of 10.16 million to 15.25 million yuan for the year 2024, a decrease of 80.46% to 70.69% year-on-year.

New East New Materials (603110.SH) announced its annual performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 10.16 million to 15.25 million yuan, a decrease of 80.46% to 70.69% compared to 2023. The company also forecasted a net profit attributable to shareholders of the listed company excluding non-recurring gains and losses of 8.56 million to 12.84 million yuan, an increase of 34.80% to 102.21% compared to 2023.