OGI(600811)2025-01-17 09:10Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2024 to be between -800 million and -1.2 billion RMB, indicating a projected loss [3]. - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -750 million and -1.1 billion RMB [6]. - In the same period last year, the total profit was -1.748 billion RMB, and the net profit attributable to shareholders was -1.557 billion RMB [8]. Reasons for Expected Loss - The main reason for the expected loss is a significant decrease in investment income from affiliated companies, estimated to be between -300 million and -500 million RMB [11]. - The company anticipates impairment losses totaling approximately 300 million to 600 million RMB due to asset impairment tests, primarily related to real estate projects [11]. - The fair value of the investment property held by the company is expected to decline due to weak market demand and falling rental prices [11]. Financial Position and Risks - As of June 17, 2024, the company and its subsidiaries had a deposit balance of 1.64 billion RMB and a loan balance of 666 million RMB with the affiliated financial company [15]. - The company is facing risks related to overdue borrowings from its controlling shareholder, which may impact credit impairment losses [12]. Regulatory and Audit Status - The company has not completed the audit of its 2024 financial statements, and the final conclusions will depend on the audit firm's findings [12]. - The company is under investigation by the China Securities Regulatory Commission for potential violations of information disclosure laws [13].