Newange(BJ:831370)2023-02-26 16:00Financial Performance - The company expects a net loss attributable to shareholders of 50.98 million yuan for the reporting period, compared to a profit of 41.28 million yuan in the same period last year [4]. - The total operating revenue for 2022 is projected to be 600.82 million yuan, showing a slight decline compared to the previous year [5]. - The increase in credit impairment losses is approximately 61 million yuan due to the need for provisions against accounts receivable from terminated projects [6]. Operational Challenges - The company faced challenges in cash collection from government clients due to the pandemic and tightened fiscal budgets, impacting revenue [5]. - The establishment and operation of a waste sorting center in Wuhan incurred significant capital investment, but performance was below expectations due to the pandemic [6]. - Rising fuel costs due to high temperatures and increased oil prices have led to higher operational costs [6]. Financial Management - The company is taking measures to improve cash collection and manage accounts receivable more effectively [6]. - The company did not benefit from VAT tax relief in the reporting period, unlike the first quarter of 2021 [6]. Financial Reporting - The financial data presented is preliminary and has not been audited, with final figures to be disclosed in the annual report [7]. - Investors are advised to be cautious regarding the preliminary financial data and potential risks associated with the company's performance [7].