QuakeSafe Technology issues a profit warning, expecting a net loss of 130 million to 170 million yuan in 2024
I'm LongbridgeAI, I can summarize articles.QuakeSafe Technology expects a net loss of 130 million to 170 million yuan in 2024, mainly due to adjustments in sales strategies to ensure cash flow, intensified market competition leading to a decline in main business revenue, lower transaction prices for some projects, a slight decrease in gross profit margin, and accounts receivable with long aging not recovering as expected, resulting in impairment provisions
According to the announcement from QuakeSafe Technology (300767.SZ), the company expects a net loss attributable to shareholders of the listed company of between 130 million yuan and 170 million yuan for the year 2024.
During the performance forecast period, the net profit attributable to shareholders of the listed company is expected to be a loss, mainly due to the company's adjustment of sales strategies to prioritize cash flow; due to intensified market and industry competition, the company's main business revenue has declined, and the gross profit margin has slightly decreased compared to the same period last year due to relatively low transaction prices for some projects; and due to the recovery of some long-aged accounts receivable being below expectations, the company has made impairment provisions in accordance with accounting standards