Heshun Electric issued a profit warning, expecting a net loss of 21 million to 27 million yuan for the year 2024, turning from profit to loss year-on-year

Heshun Electric released its 2024 annual performance forecast, expecting a net loss attributable to shareholders of the listed company of 21 million to 27 million yuan for the year, turning from profit to loss compared to the same period last year. The main reasons for the performance loss include increased equity incentive expenses, rising new product research and development costs, increased credit losses and asset impairment provisions, as well as intensified competition in traditional industries such as power supply