Weihai Huadong Automation (002248.SZ) announced a forecasted net profit of 7-10 million yuan for the 2024 fiscal year, turning losses into profits compared to the previous year.

Weihai Huadong Automation (002248.SZ) has released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 7 to 10 million RMB, turning losses into profits compared to the previous year. During the reporting period, the company has made efforts to explore domestic and international markets, seize industry development opportunities, increase operating income, while reducing costs and improving efficiency to enhance profitability. As the disposal of assets from the previous period has been mostly completed, the expected provision for asset losses and impairment losses is expected to significantly decrease compared to the previous year.