CITC(002190)2025-01-20 10:20Financial Performance - The estimated net profit for 2024 is projected to be a loss of between 66.5 million and 95 million CNY, compared to a profit of 13.5283 million CNY in the same period last year, representing a decline of 591.56% to 802.23%[3] - The net profit after deducting non-recurring gains and losses is expected to be a loss of between 62 million and 88 million CNY, compared to a loss of 507,600 CNY in the previous year, indicating a decline of 12,114.34% to 17,236.49%[3] - The basic earnings per share are projected to be a loss of between 0.19 CNY and 0.26 CNY, compared to a profit of 0.0377 CNY per share last year[3] Revenue and Business Performance - Revenue from the aviation parts business is expected to decline by over 50% due to delayed demand release from key customers and increased competition, leading to a negative gross margin[6] Financial Expenses and Taxation - Financial expenses have increased year-on-year due to significant exchange losses and higher interest expenses from increased loans[6] - The company incurred a tax payment of 11.5653 million CNY due to non-compliance with tax incentives in the previous year, impacting the net profit attributable to shareholders[6] Non-Operating Expenses - The company has seen an increase in performance compensation recorded as non-operating expenses, reflecting the settlement progress with customers[6] Financial Reporting - The company emphasizes that the financial data is preliminary and the final figures will be disclosed in the 2024 annual report[7]