Tianao Electronics (002935.SZ) issued a pre-cut. Net profit for the first three quarters is expected to drop by 29.64%-33.90% from 15.5 million yuan to 16.5 million yuan

According to the Zhitong Finance App, Tianao Electronics (002935.SZ) released a performance forecast for the first three quarters of 2024. Net profit attributable to shareholders of listed companies for the first three quarters is expected to be 15.5 million yuan to 16.5 million yuan, a year-on-year decrease of 29.64%-33.90%.

The main reason is that due to factors such as delays in product delivery progress, operating income fell by more than 10% year on year; second, sales repayments fell short of expectations, and credit impairment losses calculated in January-September increased sharply year on year, causing net profit to decline in the first three quarters.