Shenzhen Magic Design & Decoration Engineering (002856.SZ) forecasts a pre-loss and expects a net loss of 200 million to 300 million yuan for the year 2024.

Shenzhen Magic Design & Decoration Engineering (002856.SZ) has announced its performance forecast for 2024, expecting a net loss of 200 million to 300 million yuan for the year attributed to shareholders of the listed company. During the reporting period, the company strengthened its audit mechanism for business acquisition, voluntarily gave up some long-cycle and high-risk projects, and carefully selected new customers and business opportunities. However, the company faces intensified competition in the decoration and renovation industry, with fierce competition for market share leading to a decrease in operating income.