Beijing Aerospace Changfeng (600855.SH) forecasts a net loss of 225 million to 268 million yuan in 2024.

Beijing Aerospace Changfeng (600855.SH) announced that the company expects to incur a net loss attributable to the owners of the parent company of 225 million to 268 million yuan in 2024, compared to the same period last year (as per statutory disclosure), the company will still incur a loss. The main reasons for the expected loss in performance during the reporting period are as follows: firstly, the market competition is fierce, market expansion is lower than expected, and the overall business scale of the company is declining; secondly, due to lower than expected revenue and collection situation, accounts receivable and inventory aging has increased, leading to a large impairment loss provision for the year; thirdly, the performance of subsidiary Aerospace Burke is lower than expected, based on prudent judgment, a provision for impairment of goodwill arising from the acquisition of Aerospace Burke.