Hangjin Technology (000818.SZ) issues a pre-loss announcement, expecting a net loss of 850 million to 980 million yuan in 2024.

Hangjin Technology (000818.SZ) has released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of 8.5 billion to 9.8 billion yuan in 2024, a turnaround from profit to loss compared to the previous year. The main reasons for the performance loss are the decrease in sales prices of major products in the chemical sector, such as caustic soda, epichlorohydrin, and polyether, leading to a decline in performance. In the integrated circuit sector, due to market changes and actual operating conditions, a comprehensive assessment shows signs of impairment in the assets of subsidiaries Changsha Shaoguang and Weike Electronics. Based on the principle of caution, it is estimated that there will be a need to provision for 700-800 million yuan in impairment losses on goodwill assets, with the final amount subject to audit data from the auditing agency.