---
title: "Poly Union: It is expected that the net profit attributable to the parent company in 2024 will be between 34 million yuan and 51 million yuan, turning a profit compared to the previous year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225644506.md"
description: "On January 21, Poly Union announced that it expects a net profit attributable to shareholders of 34 million to 51 million yuan in 2024, compared to a net loss of 662 million yuan in the same period last year. The significant loss in the same period last year was mainly due to the provision for impairment. During the reporting period, with the support of shareholders and various parties, the company actively collected receivables, recovering some project payments and deposits, which effectively reduced long-term outstanding receivables and mitigated the impact of bad debt losses"
datetime: "2025-01-21T07:59:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225644506.md)
  - [en](https://longbridge.com/en/news/225644506.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225644506.md)
generator: "portal-rs"
---

# Poly Union: It is expected that the net profit attributable to the parent company in 2024 will be between 34 million yuan and 51 million yuan, turning a profit compared to the previous year

On January 21, Poly Union announced that it expects a net profit attributable to shareholders of between 34 million and 51 million yuan for 2024, compared to a net loss of 662 million yuan in the same period last year. The significant loss in the same period last year was mainly due to the provision for impairment. During the reporting period, with the support of shareholders and various parties, the company actively collected receivables, recovering some project payments and deposits, which effectively reduced long-term outstanding receivables and mitigated the impact of bad debt losses

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**