On January 30, Gelonghui | Wanfang Development (000638.SZ) announced that it expects a net loss of 3 million yuan to 6 million yuan in 2023, deducting non-net loss of 35 million yuan to 45 million yuan, and operating income of 160 million yuan to 170 million yuan.

Compared with the same period last year, the company's agricultural product production and sales increased this year, but agricultural business lost money due to the continued decline in agricultural product prices; the company's gross margin of military business declined compared to last year. Overall, the company's business revenue increased steadily and slightly throughout the year, and profits declined due to the impact of product prices. The company plans to prepare for impairment of some assets at the end of 2023. Credit impairment losses and goodwill impairment losses have increased significantly compared to the previous year. Among them, credit impairment losses were about 9 million yuan, military business performance fell short of expectations, and impairment losses of goodwill were about 12 million yuan.