TJT issued a profit warning, expecting a net loss of RMB 5.9556 million to RMB 11.8223 million in the first half of the year
TJT expects a net loss of RMB 5.9556 million to RMB 11.8223 million in the first half of 2025, turning from profit to loss year-on-year. The reasons for the loss include a longer customer payment process, extended aging of some accounts receivable, and credit impairment losses recognized on existing accounts receivable based on accounting policies. In addition, orders were affected by procurement plans, resulting in delays in the delivery of some projects, leading to revenue recognition falling short of expectations
According to the Zhitong Finance APP, TJT (002977.SZ) released its performance forecast for the first half of 2025, expecting a net loss attributable to the parent company of between 5.9556 million and 11.8223 million yuan, turning from profit to loss year-on-year. During the reporting period, the company expects a net loss attributable to shareholders of the listed company, mainly due to the lengthy customer payment process, with some accounts receivable aging extended. The company has made provisions for credit impairment losses on existing accounts receivable based on accounting policies. The company's orders are affected by related procurement plans, with delays in the delivery of some projects, leading to revenue recognition falling short of expectations
