Newange(BJ:831370)2024-02-28 16:00Financial Performance - The company expects a net loss of approximately 50.43 million yuan for the reporting period, compared to a loss of 53.01 million yuan in the same period last year[4]. - The decline in performance is primarily due to a fair value change of trading financial assets amounting to approximately -24.79 million yuan from a subsidiary[5]. - The company did not receive any government subsidies in the current reporting period, whereas it received 14.03 million yuan in the previous period[6]. - The company increased credit impairment losses by approximately 73 million yuan due to underperformance in receivables from certain terminated project clients[6]. Business Operations - The sorting and sales business of recyclable materials at the Wuhan waste sorting center did not meet expectations during the reporting period[6]. - The main business of Jiangsu Richeng Environmental Engineering Co., Ltd. experienced a decline due to macroeconomic factors and market competition, leading to impairment testing and preparation[6]. Financial Reporting - The financial data presented is preliminary and subject to audit, with final figures to be disclosed in the annual report[7].