Gelonghui, January 29丨Shaoyang Hydraulic (301079.SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 5 million yuan to 7.5 million yuan, down 90.03% to 85.04% from the same period last year; net profit loss after deducting non-recurring profit and loss was 0.010,000 yuan to 1.5 million yuan, and profit for the same period last year.
During the reporting period, due to the company's relocation to a new location, some production equipment, etc. needed to be reassembled and commissioned, which had a certain impact on production progress. At the same time, due to increased competitive pressure in the industry and increased management expenses, the company's sales and gross margin declined year-on-year.
Affected by factors such as the macroeconomic environment, the company's repayment rate is slow. According to relevant regulations and the principle of prudence, the amount of bad debt preparation for accounts receivable and preparation for depreciation of part of the inventory increased year-on-year.