Gelonghui, January 26, 丨 Long Lide (300883.SZ) announced its 2023 annual results forecast. Net profit loss attributable to shareholders of listed companies during the reporting period was 5.75 million yuan - 8.20 million yuan, profit of 31.3401 million yuan for the same period of the previous year; net profit loss of 7.80 million yuan - 11.50 million yuan, profit of 24.1367 million yuan for the same period last year; operating income of 70,000,000 yuan to 720,000 yuan after deduction 716.00 million yuan.

During the reporting period, the company's performance declined compared to the same period last year. The main reasons were:

1. The company's new factory “Longlide Cultural Science and Technology Innovation Park” in Shanghai completed the transformation of the project under construction, with a depreciation of 170.000 yuan to 20.00 million yuan this year;

2. Based on the company's low concentration of downstream customers, the number of customers, and the industries involved are scattered, and the types of products purchased by customers are all customized products, with many corresponding specifications and models, high procurement frequency, and small batches. Therefore, the company needs to purchase raw paper with different weight, door width, grade, etc. in advance to meet production requirements. The base paper purchased by the company involves many specifications, such as weight, grade, door width, ring pressure, and breakage resistance. The company's raw materials mainly include raw paper such as corrugated paper, kraft paper, and white cardboard. The company has calculated the net realizable value of inventory at the end of the period in accordance with the requirements of corporate accounting standards, and is expected to calculate 1.80 million yuan to 2.70 million yuan for inventory price reduction;

3. In November 2020, the company completed the acquisition of 100% of the shares of Shanghai Bocheng Machinery Co., Ltd.; in September 2012, the subsidiary Longlide Packaging Technology (Shanghai) Co., Ltd. acquired 100% of the shares of Fengqifeng Printing Technology (Shanghai) Co., Ltd., and confirmed a total goodwill of 12.36 million yuan. In accordance with the relevant requirements of “Accounting Supervision Risk Alert No. 8 - Goodwill Impairment”, the company promptly carried out goodwill impairment tests and calculated 7.50 million yuan to 90 million yuan for corresponding asset impairment preparations.

4. Non-profit and loss amounts to 1.8 million to 2.6 million, and the decline was mainly due to a decrease in revenue received from government subsidies.