On January 29, Gelonghui Electric (688280.SH) announced that according to preliminary estimates by the finance department, it is expected to achieve operating income of 769 million yuan to 90 million yuan in 2023, a decrease of 126.6829 million yuan to 251.6829 million yuan compared with the same period last year, and a decrease of 11.82% to 24.66% compared with the same period last year. There will be a loss in net profit attributable to the owner of the parent company. The net profit attributable to the owner of the parent company is expected to be 601 million yuan to -450 million yuan. Compared with the same period last year, it will decrease by 61.6465 million yuan to 212.646 million yuan, and the loss will increase 15.87% to 54.76% year on year. Net profit attributable to the owner of the parent company after deducting non-recurring profit and loss will be lost. It is estimated that net profit after deducting non-recurring profit and loss attributable to the owner of the parent company will be 672 million yuan to -520 million yuan. Compared with the same period of the previous year, it will decrease by 68.486 million yuan to 220,00486 million yuan, and the loss will increase 15.06% to 48.69% year on year.
The decrease in operating income was mainly due to a decrease in vehicle sales and technology development and service revenue during the reporting period. Vehicle sales are not the company's main business and are highly volatile. During the reporting period, procurement demand for complete vehicles, especially buses, in the Heze region, the main market covered by the company decreased, leading to a decrease in the company's revenue in this area. The decrease in technology development and service revenue is due to the fact that compared to the same period in 2022, most of the technology development and service revenue in 2023 is still in the process of development, leading to a decrease in revenue.