Changzhou Shenli Electrical Machine Incorporated (603819.SH) expects to incur a net loss of 24-47 million yuan in the fiscal year 2024.

Changzhou Shenli Electrical Machine Incorporated (603819.SH) announced its annual performance forecast for 2024, expecting to incur a net loss attributable to shareholders of the listed company of 24-47 million yuan. Compared with the same period last year (according to legal disclosure data), there will be a loss. During the reporting period, the main reason for the company's expected loss is that the performance commitment party, Lijian Defense Technology Group Co., Ltd. (hereinafter referred to as "Lijian Group"), failed to pay the third installment of the repurchase price according to the contract terms, leading to the need to make provisions for bad debts.