Kale Environment Technology (301070.SZ) releases 2024 performance forecast, focusing on AI new business.

On January 21, Kale Environment Technology (301070.SZ) released its performance forecast for the year 2024. During the reporting period, it is expected that the net profit attributable to shareholders of the listed company will be approximately negative 8-10 million yuan in 2024. Due to the slowdown in global economic recovery, the demand for the company's main business HVLS fan market has decreased. At the same time, the company is actively expanding into new business areas such as AI, and the strategic investment in this area has to some extent affected the current profit. On January 20, a subsidiary of the listed company, Yuzi Kaile, announced on its official WeChat account that Zhongyu Chantou Group has signed a strategic cooperation agreement with Baidu Technologies Limited (hereinafter referred to as "Baidu"). The cooperation will focus on establishing close and comprehensive cooperation in areas such as smart travel (vehicle-road coordination, intelligent networking), smart healthcare (medical large models), and the construction of AI infrastructure platforms.