On January 30, Gelonghui (300432.SZ) announced that it expects a net loss of 50 million yuan to 60 million yuan in 2023, deducting non-net loss of 60 million yuan to 70 million yuan, and operating income of 560 million yuan to 600 million yuan.

During the reporting period, the company's auto parts business, especially the new energy incremental parts business, grew steadily. The company's lithium battery cathode materials business was affected by a slowdown in market demand and a sharp drop in the price of lithium carbonate, the sales price of the company's lithium iron phosphate cathode material products fell year-on-year, compounded by the decline in inventory prices. The decline in operating income and net profit of the lithium battery cathode materials business led to a decline in the company's overall operating performance throughout the year. Net profit attributable to shareholders of listed companies fell sharply compared to the same period last year.