Gelonghui, January 23 | Shenda Co., Ltd. (600626.SH) announced the 2023 annual results pre-loss announcement. According to preliminary estimates by the financial department, it is expected to achieve net profit attributable to the owner of the parent company - 410 million yuan to -274 million yuan in 2023. It is expected to achieve net profit of $412 million to -275 million yuan after deducting non-recurring profit and loss attributable to the owners of the parent company in 2023.
The main reasons for the loss in the company's performance in 2023 include: due to global economic fluctuations in recent years, the decline in operating efficiency of some factories in North America in 2023 due to labor shortages, high interest costs due to high interest rates on loans in some foreign currencies, and exchange losses due to exchange rate fluctuations in 2023.
