YCIH Green High-Performance Concrete Company Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2023. For the year, the company expects net loss of approximately RMB38.31 million for the year ended December 31, 2023 as compared with a net profit of approximately RMB29.88 million for the year ended December 31, 2022. The main reason for the abovementioned expected loss is that the decline in operating income exceeded the reduction in operating costs. In 2023, the Group continued to take active measures to reduce costs and increase efficiency, resulting in a decrease in operating costs by approximately 11% as compared with 2022, however, being affected by factors such as the macroeconomic environment and fierce market competition, the sales volume of commercial concrete, the principal product of the Group, decreased by approximately 7% as compared with 2022 while its
unit selling price decreased by approximately 8% as compared with 2022, leading to a decrease in operating income by approximately 15% as compared with 2022.