Summary by Moomoo AI
Sprocomm Intelligence Limited has issued a profit warning, expecting a net profit ranging from 10 million to 18 million RMB for the year ending December 31, 2024, marking a significant decrease from 31 million RMB in the same period of 2023. The company's gross margin is expected to decline from approximately 10.6% in 2023 to about 8.8% in 2024. The drop in net profit is primarily attributed to the company's strategic decision to lower gross margins in order to secure key customer Orders, as well as increased administrative expenses.The anticipated figures are based on the company's preliminary review of unaudited consolidated management accounts. The company reminds Shareholders and potential investors that actual financial results may differ from the disclosed data. The official performance announcement for the year 2024 is expected to be released in March 2025, which will provide more detailed financial News.
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