Beijing Telesound Electronics (003004.SZ) expects a pre-loss, with an estimated net loss of 22 million to 28 million yuan in 2024, turning from a profit to a loss year-on-year.

Beijing Telesound Electronics (003004.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of 22 to 28 million yuan for the full year, a turnaround from profit to loss compared to the previous year. In 2024, the company increased marketing investment, strengthened the sales team, expanded its business coverage, and saw an increase in operating income compared to the same period last year. However, the net profit attributable to shareholders of the listed company turned into a loss. The main reasons include: 1. as market competition intensifies, the gross profit margin of the company's projects decreased during the reporting period; 2. during the reporting period, the company continued to increase investment in research and development, especially in new market areas, leading to an increase in R&D expenses compared to the previous year; 3. during the reporting period, due to the company's increased emphasis on marketing system construction, sales expenses increased compared to the previous year; 4. during the reporting period, the company invested in the establishment and acquisition of subsidiaries for expanding new businesses and new regions, leading to an increase in management expenses compared to the previous year; 5. during the reporting period, the collection of accounts receivable was lower than the previous year, resulting in an increase in the provision for credit impairment losses compared to the previous year.