On January 23, Ge Longhui Technology (300279.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 30 million yuan to 45 million yuan, turning a year-on-year loss into a profit. The loss was 32,08577 million yuan for the same period last year; net profit after deducting non-recurring profit and loss of 23 million yuan to 38 million yuan, and a loss of 330.1067 million yuan for the same period last year.
Reasons for changes in performance: 1. The company promoted the overall business plan in an orderly manner, maintained steady development of the main business, and achieved growth in operating income. At the same time, non-operating influencing factors such as fluctuations in the fair value of shares held by the company's shareholding funds decreased during the reporting period, and the company turned losses into profits during the reporting period.
2. The company's revenue increased during the reporting period, mainly because the revenue from the intelligent manufacturing business continued to grow. With the release of production capacity at the Huaibei base and the orderly progress of the Mexican base, the production capacity support results of the company's multi-production base layout were gradually reflected. Among them, the adjustment and optimization of the customer structure in the home appliance sector increased the proportion of export sales; the business in the non-home appliance sector actively expanded and maintained growth.
3. The Company's wholly-owned subsidiary, Wuxi Hejing Intelligent Technology Co., Ltd. (hereinafter referred to as “Hejing Intelligence”), Qingdao North Super Power Electric Co., Ltd. and Suzhou Enyipu Technology Co., Ltd. submitted litigation materials to the People's Court of Chengyang District of Qingdao City in October 2023 due to a business contract dispute (for details, see the relevant announcement documents disclosed by the company on October 20, 2023 on the legal information disclosure platform of the Shenzhen Stock Exchange). The lawsuit has not yet reached a judgment. According to the property preservation measures completed by the court, the company has fully communicated with the accounting firm. After analyzing the likely results of the lawsuit and the recyclability of the seized property and comprehensively considering the impact of factors such as subsequent processing of the inventory involved in this lawsuit, Hejing Intelligence needs to estimate the corresponding bad debt provision amount for the accounts receivable and inventory involved in this lawsuit (the specific amount is subject to the audit results), which had a certain adverse impact on profits during the reporting period.
4. The company expects non-recurring profit and loss in the reporting period to range from 6 million yuan to 8 million yuan.