Zhongqing Co., Ltd. (01855) announced that the Group is expected to be eliminated for the year ended December 31, 2023...
According to the Zhitong Finance App, Zhongqing Co., Ltd. (01855) announced that the Group expects to obtain profit after tax between RMB 140 million and RMB 160 million for the year ending December 31, 2023. Compared to the company's 2022 fiscal year, this is a loss of about RMB 106 million after tax.
The shift is mainly due to an increase in the value of newly approved contracts and an improvement in the trade receivables collection cycle for fiscal year 2023.