Qianfang Technology projects a net loss of between RMB 1.03 billion and RMB 1.28 billion for the year 2024, representing a significant downturn from previous years. This anticipated loss stems from several factors, including a decline in customer demand, project delays, reduced revenue streams, compressed gross profit margins, and heightened asset impairment provisions. Notably, a goodwill impairment of approximately RMB 700 million has contributed significantly to this financial outlook.
