Zhejiang RIFA Precision Machinery (002520.SZ) expects to incur a net loss of 600 million to 890 million yuan in 2024.

Zhejiang RIFA Precision Machinery (002520.SZ) has released its performance forecast for the year 2024, anticipating a net loss attributable to shareholders of the listed company of 6 billion to 8.9 billion yuan for the full year. The net loss attributable to shareholders of the listed company for the reporting period is expected to decrease compared to the same period last year. This is mainly due to a decrease in the amount of deferred tax asset impairment provision for Airwork company based on prudent consideration compared to the same period last year. The amount of deferred tax assets written off for this year is expected to decrease compared to the same period last year.