GEN-S POWER Group (600753.SH) is expected to incur a net loss of 210 million to 240 million yuan in 2024 and may be subject to the risk of delisting warning.

GEN-S POWER Group (600753.SH) announced that it is expected to achieve a total profit of -220 to -190 million yuan in 2024, a net profit attributable to shareholders of the listed company of -240 to -210 million yuan, and a net profit attributable to owners of the parent company after deducting non-recurring losses of -260 to -220 million yuan. The company expects to achieve operating income of 400 to 440 million yuan in 2024, with operating income after deducting non-main business related income and income not of substantial commercial nature being 220 to 260 million yuan, lower than 300 million yuan. If the audited total profit, net profit, or net profit after deducting non-recurring losses in 2024 is negative and the operating income after deducting non-main business related income and income not of substantial commercial nature is lower than 300 million yuan, it will trigger the situation of implementing delisting warning for the company's stock as stipulated in Article 9.3.2 of the "Stock Listing Rules of the Shanghai Stock Exchange (Revised in April 2024)," where the most recent audited total profit, net profit, or net profit after deducting non-recurring losses is negative and the operating income is lower than 300 million yuan. After the annual report for 2024 is disclosed, the company's stock may be subject to delisting warning by the Shanghai Stock Exchange (with a "*ST" added before the company's stock abbreviation).