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BIWIN Storage: 2024 Annual Results Forecast
2024 Annual Results Forecast
Star Evening News | Baiwei Storage expects to turn losses into profits in 2024. Aisen Co., Ltd. and Fumiao Technology will be suspended from trading tomorrow.
① The Ministry of Commerce responds to the U.S. hope of owning 50% of TikTok's shares; ② The Dutch Prime Minister indicates that export policies to China should be decided independently; ③ ByteDance launches a long-term research project on AGI codenamed SEED Edge.
Baiwei Storage expects to turn profitable in 2024. The net profit attributable to shareholders is below expectations due to share-based payments. Revenue from Smart Clothing storage products has increased significantly.
① Baiwei Storage expects to achieve revenue of 6.5 billion to 7 billion yuan in 2024, representing a year-on-year growth of 81.02% to 94.95%, with a net income of 0.16 billion to 0.2 billion yuan; ② Baiwei Storage stated that the recovery of the storage Industry, and in 2025, the growth of AI glasses and in-depth collaboration with key clients will drive the continued growth of the company's Smart Clothing storage Business.
Express News | Biwin Storage Technology Expects to Return to 2024 Net Profit of 160-200 Mln Yuan
Baiwei Storage (688525.SH): The net profit is expected to increase by 125.63% to 132.03% in 2024.
On January 23, Gelonghui reported that Baiwei Storage (688525.SH) announced its annual performance forecast for 2024, expecting revenue to reach between 6500 million yuan to 7000 million yuan. This represents an increase of between 2909.2478 million yuan to 3409.2478 million yuan compared to the same period last year, which is a year-on-year growth of 81.02% to 94.95%. It is anticipated that the net income attributable to the parent company's owners for 2024 will be between 160 million yuan to 200 million yuan, which is an increase of between 784.3589 million yuan to 824.3589 million yuan compared to the same period last year.
We Think BIWIN Storage Technology (SHSE:688525) Has A Fair Chunk Of Debt