Youon Technology (603776.SH) forecasts a pre-loss, with an estimated net loss of 55 million to 80 million yuan in 2024.

Youon Technology (603776.SH) announced that the company is expected to incur a loss in 2024, with a net profit attributable to shareholders of the listed company ranging from a loss of 80 million yuan to 55 million yuan. This is a decrease of between 46 million yuan and 71 million yuan compared to the same period last year, when the loss was 127 million yuan. The company's main business is the public bicycle business operating on a TOG model, with major customers being government agencies and institutions. Delayed payments from some customers have resulted in accounts receivable not being received in a timely manner, leading to a provision for bad debts of approximately 100 million yuan and a significant decrease in current profits. During the reporting period, the company's public bicycle project experienced a decrease in both new and existing operations due to macroeconomic influences, resulting in a reduction in current income. However, the company's hydrogen energy business has seen a significant increase in revenue compared to the previous year, leading to a growth in profits compared to last year and an overall reduction in losses.