Tianma Microelectronics (000050.SZ) announces an expected net loss of 650 million to 750 million yuan for the 2024 financial year.

Tianma Microelectronics (000050.SZ) released its performance forecast for the year 2024, expecting a net loss of 650 million to 750 million yuan attributable to the shareholders of the listed company. During the reporting period, the company made solid progress in improving operational efficiency, strengthening core capabilities, consolidating advantages in core areas, actively seizing market opportunities, achieving steady growth in operating income, further optimizing product structure, and improving profitability of main businesses. Despite facing the challenge of a significant increase in depreciation pressure on the Wuhan AMOLED production line compared to the previous year, both net profit attributable to shareholders of the listed company and net profit after deducting non-recurring gains and losses have significantly improved year-on-year, laying a good foundation for the company's development in 2025.