Qingdao Zhongcheng (300208.SZ) released its 2023 annual results forecast. Net income attributable to shareholders of listed companies is expected...
According to the Zhitong Finance App, Qingdao Zhongcheng (300208.SZ) released the 2023 annual results forecast. The net loss attributable to shareholders of listed companies is expected to be 770 million yuan to 1,078 billion yuan, compared to a loss of 153 million yuan in the same period last year. Net loss of $767 million to $1,075 million after deducting non-recurring profit and loss.
During the reporting period, the company's revenue is expected to drop drastically compared to the same period last year. The main reason is that the Indonesian nickel power project has entered the final stage, the customs clearance and shipment volume of nickel power equipment has drastically decreased, and at the same time, the output value settlement of the construction schedule has dropped drastically, causing the revenue of the Indonesian nickel power project to drop significantly. During the reporting period, the Philippine wind power project failed to be repaid, and the PV project subcontractor failed to deliver it in accordance with the contract, leading to a surge in overall project risk. It is expected that preparations for significant impairment will be made. The company has hired an evaluation agency to conduct an impairment test on assets, and there is still uncertainty about the exact amount.