Zhejiang Renzhi (002629.SZ) releases a profit forecast, expecting a net profit of 10.5-15.5 million yuan for the year 2024, turning losses into profits compared to the previous year.

Zhejiang Renzhi (002629.SZ) has released its performance forecast for the year 2024, with an estimated net profit attributable to shareholders of the listed company of 10.5 million to 15.5 million yuan, turning from a loss to a profit compared to the previous year. During the reporting period, it is estimated that non-recurring gains and losses will have a cumulative impact of 2 to 3 million yuan on the company's current profit and loss, primarily due to gains and losses from asset sales, provisions for potential liabilities related to investor lawsuits, administrative fines, and bad debt recovery.