On January 30, Gelonghui (301260.SZ) announced that it expects a net loss of 370 million yuan to 430 million yuan in 2023, deducting non-net loss of 300 million yuan to 360 million yuan, and operating income of 4.6 billion yuan to 4.7 billion yuan.

In 2023, the company's operating income fell by about 500 to 600 million yuan year on year, and net profit after deducting non-recurring profit and loss fell by about 5.2 to 580 million yuan year on year. The main reasons for the large decline in net profit include: 1) the decline in operating income and gross margin affected the company's gross profit by 190 to 210 million yuan; 2) the total sales expenses, R&D expenses, and management expenses increased by 270 to 290 million yuan year on year; 3) the company's financial expenses increased by about 130 million yuan in 2023.