KangLongDa(603665)2025-01-17 08:35Financial Performance - The company expects a net profit attributable to shareholders for 2024 to be between -500 million and -350 million yuan, indicating continued losses compared to the previous year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -455 million and -305 million yuan [2]. - The previous year's net profit attributable to shareholders was -220.28 million yuan, with a total profit of -253.62 million yuan [4]. Impairment and Losses - The company anticipates a goodwill impairment provision of 250 million to 310 million yuan due to impairment testing on assets related to its subsidiary [6]. - The company’s subsidiary, Jiangxi Tiancheng Lithium Industry Co., Ltd., continues to incur losses due to low market prices for lithium salt products [6]. Project Development - The construction of the Vietnam project is nearly complete, but the company is currently in a capacity ramp-up phase, leading to significant initial costs and mismatched manufacturing costs [6]. Risk Management - The company has authorized the board to engage in foreign exchange derivative transactions to mitigate risks from exchange rate fluctuations, which have resulted in substantial losses due to the depreciation of the RMB against the USD [6]. Earnings Forecast and Caution - The earnings forecast is based on preliminary estimates by the finance department and has not been audited by a registered accountant [7]. - The company warns that the projected figures are subject to change based on final audit results and ongoing impairment testing [7]. - Investors are advised to be cautious as the data provided is preliminary and the final audited financial data will be disclosed in the 2024 annual report [8].