On January 30, Gelonghui (300868.SZ) announced that it expects a net loss of 69.50 million yuan to 99.50 million yuan in 2023, after deducting non-net loss of 96.0 million yuan to 1390 million yuan, and operating income of 644.0 million yuan to 711 million yuan.
During the reporting period, the downstream market environment of the company's industry continued to change, and the company's domestic and foreign revenue structure changed. Among them, the share of overseas business revenue with high gross margin decreased, leading to a decline in the company's overall gross margin. The company's accounts receivable litigation against IncipioTechnologies, Inc. and Vinci Brands LLC customers did not progress in 2023. A comprehensive assessment was made that the possibility of recovering its accounts receivable was further reduced, and credit losses were expected to increase further. Therefore, the company prepared bad debts for these two increases in accounts receivable.