Gelonghui, April 27丨Yuancheng Co., Ltd. (603388.SH) released its 2023 annual report. In 2023, revenue was 274 million yuan, down 6.77% from 2022, with no major change. The main business of the company's industry in 2023 was affected by the overall investment situation of Party A's fixed assets such as the government, real estate, industrial investors, etc., and the company expanded and implemented orders more carefully, and engineering and design revenue dropped a lot; secondly, the tourism project was put into trial operation in 2023. Although the company is making efforts to enhance the customer's amusement experience and carry out marketing and promotion through multiple channels, since the development of the scenic area is still in its early stages, the scenic area has not yet been fully completed, and the revenue has not been greatly reflected; the acquisition of Silmi (Changzhou) Electronic Equipment Co., Ltd. began merging in June 2023, and the performance has met expectations.

Net profit attributable to shareholders of listed companies was -162 million yuan, mainly due to reduced revenue, loss of gross profit, impairment of goodwill, accrual and impairment of accounts receivable, long-term receivables, contract assets, and increased impairment of other non-current assets in PPP projects.