Champion Asia(603386)2025-01-17 11:05Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between -160 million and -130 million RMB, indicating a loss compared to the previous year's profit of 68.55 million RMB[4] - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 is projected to be between -180 million and -150 million RMB[4] - The previous year's total profit was 46.23 million RMB, with a net profit attributable to the parent company of 68.55 million RMB and a net profit after deducting non-recurring gains and losses of 53.83 million RMB[5] Factors Affecting Performance - The decline in performance is attributed to fluctuations in downstream customer demand, inventory reduction in certain industries, and intensified competition in the PCB industry, leading to a decrease in both export orders and average product prices[7] Goodwill Impairment - The company plans to recognize an impairment provision for goodwill amounting to approximately 120 million RMB due to significant declines in the operating performance of its subsidiary, Changsha Mutaile Circuit Technology Co., Ltd.[7] - The final amount of the goodwill impairment will be determined after evaluation and audit by qualified assessment and auditing institutions[8] Performance Forecast Accuracy - The company emphasizes that the performance forecast is based on preliminary calculations and has not yet been audited by registered accountants[8] - There are no other significant uncertainties affecting the accuracy of the performance forecast aside from the asset impairment issue[8] - Investors are advised to pay attention to investment risks as the forecast data is preliminary and the final audited financial data will be disclosed in the 2024 annual report[9]