GrandTech(BJ:835184)2023-02-23 16:00Financial Performance - The company expects a net loss of approximately CNY 80 million to CNY 85 million for the fiscal year 2022, compared to a profit of CNY 4.89 million in the same period last year [4]. - Revenue decreased by CNY 87 million due to project delivery delays caused by repeated COVID-19 outbreaks and lockdowns, impacting the implementation of geographic information data engineering projects [5]. - The company faced a significant increase in credit impairment losses and asset impairment losses totaling CNY 57.74 million, an increase of CNY 29.45 million year-on-year [6]. Research and Development - Research and development expenses amounted to CNY 48.54 million, contributing to a decline in operating profit as the company focuses on business transformation and core competitiveness [7]. - Sales expenses increased by CNY 3.24 million as the company worked to strengthen its marketing system and promote R&D achievements in the market [7].