Jingcheng Mac (00187) announced that it is expected to incur a net loss of RMB 3 million to RMB 3.6 million attributable to shareholders of the listed company in the first half of 2024, a decrease in loss of about RMB 26.09 million to about RMB 26.69 million compared with the same period last year; it is expected to achieve a net loss of RMB 12.7 million to RMB 13.3 million attributable to shareholders of the listed company after deducting non-recurring gains and losses in the first half of 2024, a decrease in loss of about RMB 18.53 million to about RMB 19.13 million compared with the same period last year.

The main reasons for the company's losses in this period are as follows: traditional products in the gas storage and transportation sector's export business still face significant downward pressure, resulting in a drop in revenue for some products; the domestic market is fiercely competitive, and revenue from low-temperature products has declined. At the same time, new products such as hydrogen energy are still in the early stages of development, and demand growth is slower than expected. In order to enhance core competitiveness and open up new markets, the company has increased investment in new product development, industry chain layout, and market development, and during this period, expenses increased compared with last year. Therefore, the overall performance of the company in this period was a loss, but the loss has narrowed compared with the same period last year.