On June 5th, Guotong Pipeline (002205.SZ) stated on an investor platform that the company mainly uses a production model of "sales to determine production" for order-based product sales. Based on the quantity of contract orders and the supply cycle, the period for confirming order revenue is generally around 1-3 years. In 2023, due to the delay of some PCCP orders in actual construction compared to expectations, expected revenue was not generated and fixed costs continued to be incurred, resulting in operating losses. Combining the company's marketing and production plans for 2024, the company has prepared a financial budget report for 2024 and disclosed it publicly, which can be found in the Chinascope Financial Information Network. The company will further optimize its management structure, strengthen business expansion, focus on technological innovation and product optimization, expand its business layout in emerging markets, promote fine management, strive to improve financial indicators, and continue to enhance the company's profitability, core competitiveness, and sustainable development capabilities.