Victall issued a profit warning, expecting a net profit of RMB 43.9779 million to RMB 65.9668 million in 2024, a year-on-year decrease of 82.85% to 74.28%
Victall expects a net profit of RMB 43.9779 million to RMB 65.9668 million in 2024, a year-on-year decrease of 82.85% to 74.28%. The performance downgrade is mainly due to the impact of non-recurring gains and losses. In the same period last year, there was an extraordinary income of approximately RMB 260 million from the discounted acquisition of Teijin Automotive Technologies, which increased net profit, and there are no such gains in this period
According to the announcement from Victall (605001.SH), the company expects to achieve a net profit attributable to the owners of the parent company of between RMB 43.9779 million and RMB 65.9668 million for the year 2024, representing a year-on-year decrease of 82.85% to 74.28%.
The main reason for the decline in performance is the impact of non-recurring gains and losses. In the same period last year, the company acquired Teijin Automotive Technologies (Tangshan) Co., Ltd. (now renamed "Victall Automotive Technologies (Tangshan) Co., Ltd.") at a discount, resulting in an extraordinary income of approximately RMB 260 million, which increased the net profit attributable to the shareholders of the listed company. There are no such income items occurring in the current period
