Ninebot (SHA:689009) expects to incur a loss attributable to owners of between 950 million yuan and 1.12 billion yuan in 2024, up 59% to 87% from the year-ago profit of about 598 million yuan, or 8.37 yuan per share, according to a Shanghai Stock Exchange filing on Saturday.
The Chinese robotic transport company attributed the forecast to the expansion of its sales channels and overall sales volume, as well as improved profitability.
The company's shares closed over 3% lower.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments