Kunlun Wanwei announced that it expects a net loss of 1.39 billion yuan to 1.99 billion yuan in 2024, compared with a profit of 1.258 billion yuan in the same period last year. The company's performance was under pressure during the reporting period, and the net profit attributable to the parent company's shareholders turned from profit to loss year-on-year. Specifically, in order to consolidate the company's leading position in the field of AI, R&D investment was further increased during the reporting period, and the various short-term costs and related expenses incurred affected the profit performance of this period to a certain extent; on the other hand, investment income performance was also lower than the same period last year, and financial asset price fluctuations and investment losses were expected to total 1.1 billion yuan. The above two factors combined led to a loss in performance during the reporting period.