Beijing Century Real Technology (300150.SZ) releases a profit forecast, expecting a net profit of 28-41 million yuan for the year 2024, reversing a loss to a profit year-on-year.

Beijing Century Real Technology (300150.SZ) released its 2024 performance forecast, expecting a net profit attributable to shareholders of the listed company of 28-41 million yuan for the full year, reversing losses year-on-year. During the reporting period, the company's main business income increased by approximately 5.11%. The company's various businesses continued to expand, the operating conditions were stable, and the main business development was good. In the same period last year, the company made provisions for bad debts in the amount of 39.543 million yuan, which affected the company's profit in 2023. In this reporting period, the company strengthened its efforts in debt collection according to the business development situation, urged all business departments to cooperate, facilitated the normalization of debt collection management, enhanced the collection of long outstanding accounts receivables, increased the accounts receivable turnover rate, reduced the accounts receivable turnover period, and improved the efficiency of fund operation.