Beijing Oriental Yuhong Waterproof Technology (002271.SZ) issues a profit warning, expecting a net profit for the year 2024 to be between 98.64 million and 147 million yuan, a decrease of 95.66% to 93.51% compared to the previous year.

Beijing Oriental Yuhong Waterproof Technology (002271.SZ) released its 2024 performance forecast, with the company expecting a net profit attributable to shareholders of the listed company of 98.6478 million to 147 million yuan in 2024, a decrease of 95.66% to 93.51% year-on-year; excluding non-recurring gains and losses, the net profit is expected to be 126 million to 175 million yuan, a decrease of 93.14% to 90.48% year-on-year. During the reporting period, the company intensified its efforts in receivable risk control, voluntarily giving up direct sales projects with poor collection, leading to a decrease in revenue from direct sales business and a decrease in operating income. Secondly, the company increased expenses in the short term due to intensified channel transformation efforts. Additionally, following the "Enterprise Accounting Standards" and based on the principle of prudence, the company made provision for impairment of assets such as accounts receivable that may incur losses. In summary, the net profit attributable to shareholders of the listed company is expected to decrease in 2024.