Nanjing Sample Technology (HKG:1708) expects an attributable loss of between 380 million yuan and 440 million yuan for 2024, compared with an attributable profit of 2 million yuan a year prior, a Wednesday filing with the Hong Kong bourse said.
The electronic equipment maker attributed the anticipated loss primarily to an increase in provisions for credit impairment and contract asset impairment, a loss from a debt repayment case involving a subsidiary, and a lower profit margin due to certain projects being won with strategically low bids.
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