According to the Zhitong Finance App, Beijing Cree (002350.SZ) released the 2023 annual results forecast. The net loss attributable to shareholders of listed companies is expected to be 150 million yuan to 200 million yuan for the whole year, changing from profit to loss over the previous year.

During the reporting period, competition in the home appliance grid business intensified, and contract output fell short of expectations; although the company's bid amount was basically the same as the previous year, the contract conversion process was delayed after winning the bid; the company built a new new energy product production line late, and the execution progress of the new energy product contract was delayed; the company strengthened risk control of the contract and abandoned the signing of some high-risk contracts. Overall, the company's operating income declined compared to the previous year, and the corresponding pre-tax profit decreased.