West Shanghai Automotive Service (605151)2025-01-17 08:00Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 37 million and 45 million yuan, a decrease of 62.74% to 69.36% compared to the previous year[3]. - The net profit excluding non-recurring gains and losses is projected to be between 26 million and 31 million yuan, representing a decline of 68.37% to 73.47% year-on-year[3]. - The previous year's net profit attributable to shareholders was 120.78 million yuan, with a total profit of 162.47 million yuan[5]. - The company reported earnings per share of 0.90 yuan in the previous year[6]. Factors Affecting Performance - The decline in performance is primarily due to a significant drop in sales from major traditional fuel vehicle customers, leading to reduced business volume and lower prices[7]. - The overall gross profit margin of the automotive parts manufacturing business has decreased due to intensified competition and price pressures in the automotive industry[7]. - The company has recognized impairment losses on goodwill and fair value changes on private equity funds, contributing to the profit decline[7]. Caution and Verification - The performance forecast is based on preliminary calculations by the finance department and has not been audited by registered accountants[8]. - Investors are advised to be cautious as the forecast may be affected by unverified factors, including goodwill impairment from acquisitions[8]. - The final and accurate financial data will be disclosed in the audited annual report for 2024[9].