Gronghui New Development (600234.SH) announced the semi-annual performance loss announcement of 2023 on July 15. According to the preliminary calculation of the financial department, the company expects to achieve a net profit of-17.9858 million yuan to-14.421 million yuan belonging to the owner of the parent company in the first half of 2023. Compared with the same period last year, there will still be a loss. The net profit attributable to the owner of the parent company after deducting non-recurring profits and losses is expected to be-20.2923 million yuan to-16.2704 million yuan in 2023.
The main reasons for the pre-loss of the current performance are as follows: 1. The income of the main business has decreased. Affected by the economic environment and market competition, in the first half of the year, the company's main business decoration business signed fewer new orders, business income declined, operating profits decreased. 2. The loss of credit impairment increases. The company's main business decoration business accounts receivable increased, the corresponding provision for bad debts increased, as a result of the increase in the provision for bad debts.