Chengdu Tianjian Technology (002977.SZ) issues a profit warning, with the net profit for the year 2024 expected to decrease by 65.03%-73.03% to 13.5 million to 17.5 million yuan.

Chengdu Tianjian Technology (002977.SZ) has released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 13.5 million to 17.5 million yuan, a year-on-year decrease of 65.03% to 73.03%. The significant change in the company's net profit for the reporting period is mainly due to the increase in the provision for credit impairment losses on accounts receivable. The company's customers are mainly large group subsidiary companies and institutions. Due to the arrangement of funds based on budgets, there are situations of delayed payment settlements and lengthy internal payment approval processes, as well as complex fund settlement procedures, leading to longer customer payment terms. However, the company's main customers have good creditworthiness, and the security of accounts receivable is relatively high, with a low probability of not being able to collect the amounts due.