On January 30, GLONGHUI (002640.SZ) announced that it expects a net loss of 8 million yuan to 15 million yuan in 2023, after deducting non-net loss of 65 million yuan to 95 million yuan.

There was a loss in business performance this year. On the one hand, profits declined due to sales falling short of expectations and a decline in revenue. On the other hand, the company made bad debt provisions for accounts receivable in accordance with the requirements of the “Corporate Accounting Standards” and the company's accounting policies.