Shenzhen Strongteam Decoration Engineering (002989.SZ) forecasts a net loss of 350 million to 450 million yuan in 2024.

Shenzhen Strongteam Decoration Engineering (002989.SZ) has released its 2024 performance forecast, expecting a net loss attributable to shareholders of the listed company of 3.5 billion to 4.5 billion yuan for the full year, a turn from profit to loss compared to the previous year. In response to the industry and market environment, the company has increased its scrutiny on project acceptance and customer selection to mitigate payment risks, leading to a decrease in business scale and a decline in operating income compared to the reporting period.