Beijing New Space Technology (605178.SH) has forecasted a preliminary loss, expecting a net loss of 220 million to 270 million yuan in 2024.

Beijing New Space Technology (605178.SH) announced that, according to preliminary calculations by the finance department, it is expected to achieve a net profit attributable to the owners of the parent company of -270 million yuan to -220 million yuan in 2024. The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses is expected to be -265 million yuan to -215 million yuan. It is expected to achieve operating income of 330 million yuan to 370 million yuan in 2024, and operating income after deducting business income unrelated to the main business and income without commercial substance is expected to be 325 million yuan to 365 million yuan. Due to the impact of industry conditions, the company's gross profit margin for landscape lighting projects has declined, compounded by factors such as changes in the company's industrial structure, leading to a decrease in gross profit margin compared to the same period last year. At the same time, due to high fixed costs, significant operating expenses, delayed payments leading to increased provisions for assets and credit impairments, the company's performance for this period is still in a loss.