Shenwu Energy Saving expects a loss of 10 million to 20 million yuan for the year 2024, and the company's stock may be subject to delisting risk warnings

According to the Zhitong Finance APP, Shenwu Energy Saving (000820.SZ) released its annual performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of 10 million to 20 million yuan for the entire year. During the reporting period, the increase in project implementation costs, overall low gross profit margin, and lower-than-expected cash collection led to an increase in the provision for bad debts on accounts receivable. Additionally, due to the accrual of share-based payment expenses for the current period, the losses further expanded.

According to preliminary calculations by the company's finance department, the company expects a negative net profit attributable to shareholders of the listed company for the 2024 fiscal year, with operating revenue after deductions being less than 300 million yuan. In accordance with the relevant provisions of the Shenzhen Stock Exchange's Listing Rules, the company's stock trading may be subject to delisting risk warnings (with the stock abbreviation prefixed by "*ST") after the disclosure of the 2024 annual report