Zhengping Road & Bridge (603843)2025-01-16 10:37Financial Performance - The company expects a net profit attributable to shareholders for 2024 to be between -200 million and -290 million CNY, indicating a reduction in losses compared to the previous year[3]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -190 million and -280 million CNY, also reflecting a reduction in losses year-over-year[4]. - In 2023, the total profit was -586.37 million CNY, with a net profit attributable to shareholders of -531.60 million CNY, and a net profit of -516.14 million CNY after excluding non-recurring items[5]. Operational Challenges - The company faced reduced new orders and slower project progress due to external factors such as decreased infrastructure investment and intensified competition in the construction industry[7]. Expense Management - Management and financial expenses remained consistent with previous years, while the company anticipates a decrease in impairment losses for accounts receivable and contract assets in 2024[7]. Forecast and Risk Disclosure - The company emphasizes that the performance forecast is based on preliminary calculations and has not been audited by an accounting firm[8]. - The final financial data will be disclosed in the official 2024 annual report, and investors are advised to pay attention to investment risks[9].