The Future Science and Technology Holding Group (002631.SZ) is expected to incur a net loss of 80 million to 120 million yuan in 2024, compared to a profit in the previous year.

The Future Science And Technology Holding Group (002631.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of 80 million to 120 million yuan for the full year, a year-on-year change from profit to loss. During the reporting period, influenced by factors such as weak market consumption and increasingly fierce industry competition, the company's order volume decreased significantly compared to last year. At the same time, the company made product strategic adjustments in its industrial sectors, with the wardrobe business in the custom home furnishings sector seeing a decline of about 40% compared to last year. Overall, the company's operating income decreased by about 20% compared to the same period last year. During the reporting period, due to the contraction of orders resulting in insufficient capacity utilization, fixed operating costs were not effectively spread, leading to a slight decrease in the comprehensive gross profit margin compared to the previous year.