Tianao Electronics released a performance forecast on the evening of October 17. It is expected to achieve net profit of 15.5 million yuan to 16.5 million yuan in the first three quarters of 2024, a year-on-year decrease of 29.64% to 33.9%. The first decline in performance was due to factors such as delays in product delivery schedule, and operating income fell by more than 10% year on year from January to September; second, sales repayments fell short of expectations, and credit impairment losses calculated from January to September increased sharply year over year.

Tianao Electronics released a performance forecast on the evening of October 17. It is expected to achieve net profit of 15.5 million yuan to 16.5 million yuan in the first three quarters of 2024, a year-on-year decrease of 29.64% to 33.9%. The first decline in performance was due to factors such as delays in product delivery schedule, and operating income fell by more than 10% year on year from January to September; second, sales repayments fell short of expectations, and credit impairment losses calculated from January to September increased sharply year over year.