Gelonghui, January 31 | ST Tianlong (300029.SZ) announced the 2023 annual results forecast. The net profit loss attributable to shareholders of listed companies during the reporting period was 9 million yuan to 6 million yuan, with a profit of 12.071 million yuan for the same period last year; net profit loss after deducting non-recurring profit and loss was 17 million yuan to 12 million yuan, and a loss of 15.9037 million yuan for the same period last year.
The company's operating income this year increased significantly compared to the previous fiscal year. At the same time, management expenses fell sharply, and gross margin of business also declined. Due to the company's “Corporate Accounting Standards” and the company's financial management system regulations, the amount of bad debt provisions normally accruing accounts receivable was about 12 million yuan, a significant increase over the same period last year. As a result, the company's operating profit is still negative. However, the company's operating profit has begun to gradually improve, and the main business is showing a positive development trend.
During the reporting period, the impact of non-recurring profit and loss on the company's net profit was about 7 million yuan. The main ones were: 1. Recovering accounts receivable (including interest and liquidated damages) of about 10 million yuan in the previous year that had already been prepared for bad debts through litigation execution; 2. Other lawsuits caused the company to confirm estimated liabilities, which affected non-operating expenses of about 3 million yuan.