Jiangsu Boamax Technologies Group (002514.SZ) announced a forecasted net loss of 450-650 million yuan for the fiscal year 2024.

Jiangsu Boamax Technologies Group (002514.SZ) announced its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company of 450 million to 650 million yuan for the whole year. During the reporting period, affected by various factors such as industry environment and market fluctuations, the competition in equipment manufacturing intensified, leading to a decrease in orders and order prices. Additionally, due to the relatively warm weather in the north, the peak period of seasonal energy use did not start the boiler peak shaving, resulting in a significant decrease in operating income. The company also faced high fixed cost allocation due to insufficient production capacity. These factors collectively led to a substantial increase in operating losses in the reporting period.