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Cambrian Technologies has announced its financial projections for 2024, forecasting revenue to lie between RMB 1.07 billion and RMB 1.2 billion, marking a robust year-on-year increase of 50.83% to 69.16%. Despite this growth in revenue, the company anticipates incurring a net loss attributable to its parent company's owners, with estimates ranging from RMB 396 million to RMB 484 million. Nevertheless, the loss margin is expected to shrink significantly by 42.95% to 53.33% compared to the corresponding period in 2023. After adjusting for non-recurring gains and losses, the net loss attributable to the parent company's owners is projected to be between RMB 765 million and RMB 935 million, representing a narrower loss margin of 10.34% to 26.64%.
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