Bingo Software reported a net loss of 65.0406 million yuan for the fiscal year 2024
I'm LongbridgeAI, I can summarize articles.Bingo Software released its 2024 annual performance preliminary report, showing an operating income of 527 million yuan during the reporting period, a year-on-year decrease of 3.54%; the net loss attributable to the parent company's owners was 65.0406 million yuan. The main reasons include slow collection of payments due to clients' tight funds, leading to increased credit impairment losses on accounts receivable; the downturn in industry prosperity and the slowdown in market demand affecting operating income, and the decline in gross profit margin impacting total profit
According to the Zhitong Finance APP, Bingo Software (688227.SH) released its performance report for the fiscal year 2024. During the reporting period, the company achieved operating revenue of 527 million yuan, a year-on-year decrease of 3.54%; it reported a net loss attributable to the parent company's owners of 65.0406 million yuan.
The main reasons affecting the company's operating performance in 2024 are as follows: 1. Due to clients' tight funds, the company's project receivables have been slow to collect, leading to a significant increase in the provision for credit impairment losses on accounts receivable; 2. On one hand, affected by the downturn in industry prosperity and the overall slowdown in market demand, operating revenue slightly decreased year-on-year; on the other hand, changes in the business structure of certain large projects and the prolonged implementation cycle of some projects led to a year-on-year decline in gross profit margin, thereby affecting the total profit