GXED(600617)2025-01-17 10:10Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -370 million and -300 million CNY, indicating a loss compared to a net profit of 77.99 million CNY in the same period last year [3]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -620 million and -550 million CNY [5]. - In the previous year, the total profit was 195.11 million CNY, with a net profit attributable to shareholders of 77.99 million CNY, and a net profit after deducting non-recurring gains and losses of -119.33 million CNY [7]. Market Conditions and Impact - The primary reasons for the expected loss include a significant decrease in gas consumption due to higher temperatures in 2024, leading to reduced procurement by traditional users [9]. - The industrial demand in Shanxi Province saw a decline, with a 0.9% decrease in the added value of industrial enterprises above designated size in the first three quarters of 2024, impacting the company's sales volume [9]. - The manufacturing sector experienced a 2.4% decline, particularly affecting downstream users such as coking, glass, and refractory materials, further reducing market consumption [9]. - The overall market saturation and competition from lower-priced alternative energy sources have negatively impacted the company's gas sales volume [9]. Caution and Disclosure - The company emphasizes that the performance forecast is based on preliminary calculations and has not been audited by registered accountants [10]. - Investors are advised to be cautious as the forecast data is subject to change and the final audited financial data will be disclosed in the 2024 annual report [11]. - The announcement was made by the board of directors on January 17, 2025 [13].