Red Phase: 620 million yuan to 680 million yuan loss in 2021_ Securities Times Network

Securities Times e Company News, Hongxiang Shares (300427) disclosed its performance forecast on the evening of January 23. It is expected to lose 620 million yuan to 680 million yuan in 2021, compared with a profit of 232 million yuan in the same period last year. In 2021, the company expects to suffer its first loss since its listing. The main reasons are: the provision of a large amount of goodwill impairment; affected by market competition, the amount of newly signed contracts for the company’s power equipment condition detection and monitoring products has decreased compared with the same period last year. As a result, the sales revenue of the company’s power sector during the reporting period decreased compared with the same period last year.