Sichuan Chengfei Integration Technology Corp. Ltd. (002190.SZ) predicts a net loss of 66.5-95 million yuan for the year 2024, turning from profitable to loss-making compared to the previous year.

Sichuan Chengfei Integration Technology Corp.Ltd. (002190.SZ) released its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company of 66.5 million to 95 million yuan, turning from profit to loss compared to the previous year. The important customers in the aerospace components business delayed demand during this reporting period, coupled with intensified competition leading to a decrease in order prices, resulting in a more than 50% year-on-year decline in revenue for the aerospace components business in this reporting period. As the costs of the aerospace components business are mainly fixed costs, low capacity utilization due to insufficient orders increased product costs, leading to a significant decrease in gross profit margin for this period; at the same time, the lower than expected selling price for aerospace components inventory led to the provision of a provision for inventory write-down.