---
title: "LYCG: Expected net profit for 2024 is approximately -400 million to -600 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225338530.md"
description: "LYCG expects a net profit of -400 million to -600 million yuan in 2024, an improvement compared to -1.311 billion yuan in the same period last year. After deducting non-recurring gains and losses, the net profit is expected to be -430 million to -630 million yuan. The anticipated performance loss is mainly affected by the macroeconomic and industry environment, with new order volume not recovering, and operating revenue showing no significant change. Although period expenses have decreased, they still maintain a certain scale, and asset impairment has been recognized due to collections falling short of expectations"
datetime: "2025-01-17T11:04:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225338530.md)
  - [en](https://longbridge.com/en/news/225338530.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225338530.md)
generator: "portal-rs"
---

# LYCG: Expected net profit for 2024 is approximately -400 million to -600 million yuan

Longyuan Construction announced that it expects to achieve a net profit attributable to shareholders of the listed company of approximately -400 million to -600 million yuan for the year 2024, compared to -1.311 billion yuan in the same period last year; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be approximately -430 million to -630 million yuan, compared to -1.356 billion yuan in the same period last year. The main reason for the expected loss is the impact of macroeconomic conditions, industry environment, and other factors. The company's new order volume has not yet recovered in 2024, and operating income has not shown significant changes year-on-year. Although period expenses have decreased year-on-year, they still maintain a certain scale. At the same time, due to collections not meeting expectations, corresponding asset impairments have been recognized. In summary, the company is still in a loss position for the year 2024, but the loss has been significantly reduced year-on-year

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