Jiangsu Nonghua Intelligent Agriculture Technology (000816.SZ) expects to incur a net loss of 35 to 50 million yuan in 2024.

Jiangsu Nonghua Intelligent Agriculture Technology (000816.SZ) has released its performance forecast for the year 2024, with an expected net loss of 35-50 million yuan attributable to shareholders of the listed company for the full year. During the reporting period, the company's overall sales revenue and gross profit margin increased year-on-year, mainly due to a significant increase in revenue and net profit in the mining sector. The mining sector exceeded its operating targets for the period by raising product prices, increasing ore extraction, and improving ore dressing recovery rates through technological enhancements to reduce ore dressing ratios. During the reporting period, the company's U.S. operations were affected by tariffs from the importing country, leading to the adoption of a new domestic + Vietnam + U.S. processing model for the first time. Due to the adjustment period of the new model, product delivery cycles were extended, product stability was impacted, and operating costs such as manufacturing, warehousing, and logistics increased year-on-year, resulting in operational losses exceeding the same period last year and affecting the company's performance for the period.