Tianyu Information(300205)2025-01-20 10:19Financial Performance Expectations - The company expects a net loss of between 249 million and 498 million yuan for the year 2024, compared to a profit of 19.71 million yuan in the same period last year[3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of between 256 million and 298 million yuan, compared to a loss of 12.06 million yuan in the previous year[3]. Impact of External Factors - The significant decline in net profit is primarily due to being placed on the SDN list by the U.S. Treasury, which has severely impacted the company's main business and led to a substantial decrease in product sales and revenue[5]. - The company is taking measures to mitigate the impact of being placed on the SDN list, but the results of related impairment assessments remain uncertain[8]. Non-Recurring Gains and Losses - The company anticipates non-recurring gains and losses for 2024 to range from -210 million to 13 million yuan, mainly due to changes in the fair value of equity investments and the impact of major litigation[5]. Legal and Financial Uncertainties - The company is currently facing multiple lawsuits and arbitration cases, with uncertain outcomes that may affect its financial performance[8]. - The fair value of equity investments held by a subsidiary is still under assessment, introducing uncertainty regarding its impact on the company's performance[7]. - The company has applied for enforcement of a receivable of 49.34 million yuan from a client, which is currently undergoing legal proceedings[8]. Cash Flow and Financial Position - As of the announcement date, the company has 417 million yuan in frozen bank account funds, accounting for 90.20% of the company's cash balance at the end of 2024[8]. - The financial data provided is a preliminary estimate and will be detailed in the 2024 annual report[9].