Shenzhen Kstar Science & Technology (002518.SZ) issued a pre-announcement, with a decrease in net profit for the 2024 fiscal year expected to be between 370 million to 470 million yuan, a decrease of 44.41% to 56.24%.

Shenzhen Kstar Science & Technology (002518.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company of 370 million to 470 million yuan for the full year, a year-on-year decrease of 44.41% to 56.24%. In 2024, the demand growth rate in the European household energy storage market slowed down, downstream customers of the company faced inventory pressure, resulting in slower delivery arrangements, and the company's household energy storage shipments significantly decreased compared to the same period, which is the main reason for the year-on-year decrease in the company's overall revenue and net profit.