QuakeSafe Technologies (300767.SZ) expects a net loss of 130 million to 170 million yuan in 2024.

QuakeSafe Technologies (300767.SZ) announced that the company is expected to incur a net loss of 130 million to 170 million yuan attributable to the shareholders of the listed company in the fiscal year 2024. During the performance forecast period, the net profit attributable to the shareholders of the listed company is expected to be a loss, mainly due to the company's adjustment of sales strategy to prioritize cash flow as a core element. With intensified market and industry competition, the company's main business income has declined, and due to some project transaction prices being relatively low, the gross profit margin has slightly decreased compared to the same period last year. Additionally, due to the slow recovery of some long-aged accounts receivable, the company has made provisions for impairment according to accounting standards.