AddSino Co., Ltd. (000547.SZ) issued a forecasted loss, expecting a net loss of 1.63 billion to 1.83 billion yuan for the year 2024.

Addsino Co., Ltd. (000547.SZ) announced its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company of 16.3 billion to 18.3 billion. The main reasons are: affected by market cyclic fluctuations, delays in customer bidding projects, among other factors, the company's new contract volume fell short of expectations, coupled with stricter quality requirements, continuing cost increases, leading to insufficient revenue and gross profit; some urgent safeguard tasks did not cover the corresponding expenses; performance of some subsidiaries was affected by project appraisal; important equity investee companies continue to incur substantial losses; and due to factors such as lower-than-expected receipts, the company made impairment provisions for related assets with possible impairment losses.