Shandong Chiway Industry Development (002374.SZ) issued a profit warning, expecting a net loss of 200 million to 230 million yuan for the fiscal year 2024.

Shandong Chiway Industry Development (002374.SZ) has announced its performance forecast for the year 2024, expecting a net loss attributable to shareholders of the listed company of 200 million to 230 million yuan for the year. The main reason for the loss in this report period is the loss in the landscaping business. According to relevant accounting standards, the company has made provisions for impairment losses of approximately 1.8 billion to 2.0 billion yuan (unaudited) for receivables from existing landscaping projects, leading to a loss in the company's net profit.