Xinjiang Guotong: Estimated Net Profit Loss of 88 Million to 70 Million in the First Half of 2023!

On July 15, Xinjiang Guotong Pipeline Co., Ltd. issued a performance forecast for the first half of 2023.

The announcement shows that in the first half of 2023, the net profit attributable to shareholders of listed companies was 88 million to 70 million yuan, compared with 47.033 million yuan in the same period last year.

The announcement also said that the main reason for the loss was that most of the company's subsidiaries were affected by seasonal shutdown factors and gradually entered the normal production and operation stage in the second quarter. At the same time, due to the impact of the owner's construction progress, some orders have not yet been supplied or the supply has been delayed. During the reporting period, the expected revenue could not be formed and the fixed expenses continued to occur, resulting in a year-on-year decline in revenue in the first half of 2023 and a net profit loss attributable to shareholders of listed companies.