Nacity Service: Expected net profit in 2024 will decrease by 87.89% to 91.93% year-on-year

Nacity Service announced that it expects to achieve a net profit attributable to the owners of the parent company of RMB 15 million to RMB 22.5 million for the year 2024, a decrease of RMB 171 million to RMB 163 million compared to the same period last year, representing a year-on-year decrease of 91.93% to 87.89%. It is expected that the net profit attributable to the owners of the parent company, after deducting non-recurring gains and losses, will be RMB 35 million to RMB 52 million for the year 2024, a decrease of RMB 35.2006 million to RMB 18.2006 million compared to the same period last year, representing a year-on-year decrease of 50.14% to 25.93%. The main reason for the decline in performance this period is the significant fluctuation in the fair value of other non-current financial assets held by the company, resulting in a net profit decrease of RMB 128 million; at the same time, the company plans to make a goodwill impairment provision of approximately RMB 20 million, and affected by the macroeconomic environment, the company has increased its investment in project quality management, which has had a certain impact on the gross profit level