Gelonghui, March 19, 丨 D&G Technology Holdings (01301.HK) announced that the company expects to record a net loss attributable to the company owner of about RMB 20 million to RMB 25 million for the year ended December 31, 2023, compared with the net loss attributable to the company owner of about RMB 41 million for the year ended December 31, 2022.
The board of directors believes that the expected decrease in net loss attributable to the company's owners in fiscal year 2023 is mainly due to the company's successful return of net impairment losses on financial assets and a decrease in trade receivables balance through the settlement of long-overdue trade receivables, but the decline in gross profit offset some of the gains. Our sales of spare parts, components, and modified equipment increased significantly in fiscal year 2023, along with sales of other special equipment. Although we acknowledge that sales of asphalt mix mixing equipment have declined, our overall losses have decreased significantly, reflecting the results of our strategic efforts.