Aerospace Electrical Appliances: Net profit is expected to decrease by 46.7%-54.3% year-on-year in 2024.

On January 24, Jin10 Data reported that Space Electric released a performance forecast, expecting a net profit attributable to mothers of RMB 343 million to RMB 400 million in 2024, a year-on-year decrease of 46.7% to 54.3%. During the reporting period, due to the slowdown in the demand for the defense industry, the company's production tasks were not full, and the achieved operating income and profit decreased year-on-year; at the same time, the company focused on key markets and key customer needs, moderately adjusted the product structure, and the proportion of civilian products business in 2024 will rise. Orders and operating income in the fields of communications, new energy, and other areas will rise year-on-year, but profit contribution will not keep pace with the rise of operating income.

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