On July 10th, GeLonghui reported that Flower King Eco-Engineering Inc. (603007.SH) announced that the company expected to achieve a net loss attributable to shareholders of the listed company of -79 million yuan to -53 million yuan in the first half of 2024. In the first quarter, the net loss attributable to shareholders of listed companies was about -21.7809 million yuan, and in the second quarter, the net loss attributable to shareholders of listed companies was about -57.2191 million yuan to -31.2191 million yuan.
The company expects to achieve a net profit after deducting non-recurring gains and losses attributable to shareholders of the listed company of -80 million yuan to -54 million yuan in the first half of 2024. In the first quarter, the net profit after deducting non-recurring gains and losses attributable to shareholders of listed companies was about -20.7351 million yuan, and in the second quarter, the net profit after deducting non-recurring gains and losses attributable to shareholders of listed companies was about -59.2649 million yuan to -33.2649 million yuan.
1. The main reason for the company's loss in the first half of the year is that the operating income is insufficient to cover fixed expenses such as salaries, depreciation and amortization, and interest expenses. 2. The main reason for the small operating income is that the company has lost its financing ability due to debt problems, and the main bank account has been frozen due to supplier litigation, which has restricted the company's collection methods and extended the payment period, resulting in difficulty in recovering funds and affecting the construction progress of the project.