ST steps high: expected net profit of 860 million to 1.26 billion yuan in 2024, turning losses into profits

On January 22, Jinshi Data reported that ST Bubugao released its performance forecast for 2024, with an expected net profit attributable to shareholders of the listed company of 860 million yuan to 1.26 billion yuan, compared to a loss of 1.889 billion yuan in the same period last year; after deducting non-recurring gains and losses, the net profit is expected to be a loss of 760 million yuan to 1.12 billion yuan, compared to a loss of 1.631 billion yuan in the same period last year. The company’s net profit fluctuated due to the recognition of a large restructuring income, which is a non-recurring gain or loss; the company adjusted its business strategy, focused on advantageous areas, and actively optimized its stores.