According to the Zhitong Finance App, ST Jiaonang (600530.SH) disclosed a pre-loss announcement for the 2023 annual results. The company expects a net loss attributable to the owner of the parent company during the reporting period to be about 32 million yuan, a decrease of 93% over the previous year. The net loss attributable to the owners of the parent company after deducting non-recurring profit and loss was approximately RMB 35.29 million, a year-on-year decrease of 93%.

According to reports, the main reason for the company's large losses in 2022 was the calculation of bad debt provisions for accounts receivable and other non-current assets and intangible assets. The company did not accrue significant impairment charges in 2023, so the loss was reduced by about 460 million yuan in 2023.