China Zhonghua Geotechnical Engineering Group (002542.SZ) has issued a profit warning, with an expected net loss of 1.25 to 1.55 billion yuan for the year 2024.

China Zhonghua Geotechnical Engineering Group (002542.SZ) has announced its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company of 12.5 billion to 15.5 billion yuan for the whole year. The reasons for the performance change are as follows: 1. The company has fewer new signed orders, lower contract prices, and reduced income due to settlement impacts, resulting in a significant impact on the company's performance; 2. Based on the principle of prudence, in accordance with the corporate accounting standards, the company has made provisions for impairment of certain assets and goodwill.