Xiamen Xinde Co Ltd (000701.SZ) released its performance forecast for the first half of 2024, and the company expects a net loss of 58 million yuan attributable to shareholders of listed companies during the reporting period...
According to the announcement of Xiamen Xinde Co Ltd (000701.SZ) on the performance forecast for the first half of 2024, the company is expected to have a net loss attributable to shareholders of listed companies of 58 million yuan during the reporting period, and its net profit turned into a loss on a year-on-year basis. After deducting non-recurring profit and loss, the company's net loss was 1.08 billion yuan.
During the reporting period, the demand recovery of the LED industry was not as expected, and the company's product order volume decreased. In the first half of 2024, the company's revenue from the optoelectronics business decreased by about 38% year-on-year, and the proportion of fixed costs increased. The company's optoelectronics business operated at a loss. In addition, due to the fluctuation of the public market, the fair value of some financial assets held by the company decreased, which is expected to reduce the net income attributable to shareholders of listed companies by about 43 million yuan.