Dangsheng Technology announces 2024 annual performance forecast

Dangsheng Technology announced its 2024 performance forecast, predicting that the full-year net profit attributable to the parent company will be between 450 million yuan and 520 million yuan, a year-on-year decrease of 72.98% to 76.61%. This decline is mainly due to the slower-than-expected growth of the overseas new energy vehicle industry, the continued intensification of competition in domestic and foreign markets, the company's international customer sales decline, and product iteration and replacement.