Shenyang Yuanda Intellectual Industry Group (002689.SZ) released a profit warning, projecting that the net profit for fiscal year 2024 will decrease by 41.60%60.59% compared to the previous year.

Shenyang Yuanda Intellectual Industry Group (002689.SZ) announced its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 12.11 million to 18.11 million yuan, a year-on-year decrease of 41.60% to 60.59%. During the reporting period, the competition in the domestic and foreign elevator markets intensified. The company continued to deepen its market layout, increase market development efforts, improve product market share, and both domestic and international market orders have increased. However, it takes time to convert these orders into operating income. Due to the overall market environment impact during the reporting period, operating income and gross profit have declined compared to the same period last year. Additionally, expenses have increased, resulting in a decrease in the company's performance compared to the same period last year. The company's non-recurring gains and losses were mainly attributed to debt restructuring benefits realized through real estate mortgage.