Gelonghui, January 24 | Bangyan Technology (688132.SH) announced that according to preliminary estimates by the finance department, the net profit attributable to the owner of the parent company in 2023 is expected to lose compared with the same period last year. The net profit attributable to the owner of the parent company is -59 million yuan to -45 million yuan. Net profit attributable to owners of the parent company in 2023 after deducting non-recurring profit and loss is estimated to be 120 million yuan to -92 million yuan.

During the reporting period, operating income declined sharply compared to the same period last year. Mainly affected by factors such as customer delivery pace and acceptance delays. Most of the company's product orders in the fourth quarter were delayed in delivery and acceptance, and revenue recognition was not achieved as scheduled, causing the company's 2023 business performance to decline.

As of the end of the reporting period, the company still had orders and production preparation notices of about RMB 306.01 million, and the net cash flow from operating activities increased significantly compared to the previous year. The company's on-hand orders and cash flow are sufficient, providing strong support for the company's subsequent performance development.