Shentianma A: Net profit is expected to lose 650 million to 750 million yuan in 2024, a reduced loss compared to the same period last year.

On January 22nd, Jinshi Data reported that Shen Tianma A is expected to have a net loss attributable to the parent company of 650-750 million yuan in 2024, compared to a loss of 2.098 billion yuan in the same period last year. During the reporting period, the company solidly promoted operational quality and efficiency improvement, strengthened core capacity building, consolidated core area advantages, actively seized market opportunities, achieved steady rise in operating income, further optimized product structure, and improved the profitability of main business. Facing the challenge of a significant increase in depreciation of the AMOLED production line in Wuhan compared to the same period last year, the net profit attributable to the shareholders of the listed company and the net profit after deducting non-recurring gains and losses have both improved significantly year-on-year, laying a good foundation for the company’s development in 2025.