Beijing Shiji Information Technology (002153.SZ) has announced an expected loss, with a projected net loss of 140 million to 220 million yuan in 2024.

Beijing Shiji Information Technology (002153.SZ) released its 2024 performance forecast, expecting a net loss attributable to shareholders of 140 million to 220 million yuan for the full year. During the reporting period, the company's operating income is expected to increase compared to the same period last year, mainly due to the significant growth in revenue from hotel, catering information system products, and third-party hardware support business compared to the same period last year. The company's net profit attributable to shareholders for this reporting period is expected to decline significantly compared to the same period last year, mainly due to the following reasons: (1) the company continued to increase research and development investment, resulting in a significant increase in operating losses compared to the same period last year due to increased amortization of intangible assets; (2) as the company is in a critical period of globalization and platform transformation, it continues to increase its product research and development investment for international business, as the company's hotel industry products are already 100% SaaSized overseas, international business income needs to accumulate annual subscription fees (ARR) as the number of customers goes online in order to match and continue to grow profitably; (3) at the end of this reporting period, after conducting impairment tests on all equity investments, the company has taken a cautious accounting approach and made provisions for impairment of some equity investments.