Long Bamboo Technology (BJ:831445)2024-02-26 16:00Financial Performance - The company's operating revenue for 2023 is approximately CNY 325.03 million, a decrease of 5.79% compared to CNY 345.02 million in the previous year[4] - Net profit attributable to shareholders is expected to be CNY 10.25 million, down 76.25% from CNY 43.16 million year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be CNY 6.91 million, a decline of 79.75% from CNY 34.15 million in the previous year[4] Assets and Equity - Total assets at the end of the reporting period are estimated to be CNY 510.77 million, an increase of 0.53% from CNY 508.07 million at the beginning of the period[5] - Shareholders' equity attributable to the company is expected to be CNY 364.70 million, a decrease of 5.28% from CNY 385.03 million at the beginning of the period[5] Investments and Future Outlook - The company has invested nearly CNY 30 million in production equipment for a new subsidiary focused on innovative bamboo material technologies, which has yet to achieve full production[8] - The company anticipates that as technology and production lines mature, the new series of products will gradually increase sales and improve capacity utilization, potentially turning losses into profits[8] Expenses and Subsidies - The company has experienced an increase in period expenses due to significant growth in cross-border e-commerce and higher share-based payment expenses[7] - Government subsidies received by the company have significantly decreased compared to the previous year, impacting overall performance[7] Cautionary Notes - The financial data presented is preliminary and unaudited, and investors are advised to exercise caution and consider investment risks[9]