Aerospace Hi-Tech Holding Group (000901.SZ) has released a profit forecast, expecting a net profit of 11 to 16 million yuan for the fiscal year 2024, turning losses from the previous year into profits.

Aerospace Hi-Tech Holding Group (000901.SZ) has released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 11 to 16 million yuan, turning losses into profits compared to the previous year. Although the company's automotive electronics business sector saw an increase in operating income, the overseas automotive electronics business unit was affected by fluctuations in the foreign exchange market. The depreciation of the Mexican peso against the US dollar resulted in exchange losses, leading to a decline in profit for this business sector. The aerospace application business sector has gradually overcome the impact of flooding disasters from the same period last year on the company's performance, turning losses into profits for this sector. The company's Internet of Things business sector saw growth in profits due to settlement acceptance of key projects during the reporting period.