LingNan Eco & Culture-Tourism (002717.SZ) forecasts a pre-loss of between 900 million and 1.35 billion for the year 2024.

LingNan Eco & Culture-Tourism (002717.SZ) has released its 2024 performance forecast, expecting a net loss of 900 million to 1.35 billion yuan for the full year attributable to shareholders of the listed company. Compared with the same period last year, there is a significant decrease in operating income in 2024, due to the impact of industry cyclicality and market supply and demand changes. The investment from the owners has been reduced, new orders for the company did not meet expectations, and construction income has significantly decreased. The company's construction of ongoing projects has been constrained by factors such as some owners' financial difficulties leading to longer settlement periods for construction projects, delayed collection of accounts receivable, and other reasons.