GIUSEPPE: Net profit in 2024 is expected to decline by 38.70%-59.13% year-on-year

GIUSEPPE announced that from January 1, 2024, to December 31, 2024, the net profit attributable to shareholders of the listed company is expected to be between 83 million and 125 million yuan, a decrease of 38.70% to 59.13% compared to the same period last year. The net profit after deducting non-recurring gains and losses is expected to be between 62 million and 93 million yuan, a decrease of 51.54% to 67.69% compared to the same period last year. The basic earnings per share are expected to be between 0.17 yuan/share and 0.25 yuan/share. The company has conducted preliminary communication with the accounting firm, and there are no significant disagreements. The decline in performance is mainly affected by intensified market competition and decreased customer demand