Jiangsu Dagang (002077.SZ) issued a profit warning, with the net profit for the year 2024 expected to be between 21 million and 27 million yuan, a decrease of 69.45% to 76.24%.

Jiangsu Dagang (002077.SZ) announced its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 21-27 million yuan for the whole year, a year-on-year decrease of 69.45%-76.24%. The reason for the significant change in the net profit attributable to shareholders of the listed company during the reporting period is due to the large amount of non-recurring income in the previous year. In 2023, Suzhou Keyang Semiconductor Co., Ltd. ("Suzhou Keyang") changed from a wholly-owned subsidiary of the company to a joint-stock company. The company revalued its long-term equity investment in Suzhou Keyang at fair value, increasing the net profit for the same period of the previous year by 76.96 million yuan, which was a non-recurring gain.