TAGEN GROUP(000090)2025-01-20 10:45Financial Performance Forecast - The estimated net profit attributable to shareholders for 2024 is projected to be between 540 million and 700 million CNY, representing a decrease of 53.86% to 64.40% compared to the same period last year, which was 1,517.01 million CNY[3]. - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 503 million and 663 million CNY, down by 52.80% to 64.19% from 1,404.72 million CNY in the previous year[3]. - The basic earnings per share is forecasted to be between 0.2186 CNY and 0.3042 CNY, compared to 0.7397 CNY in the same period last year[3]. Market Conditions - The decline in performance is primarily attributed to intensified market competition, reduced investment projects, and decreased market expansion affecting construction business revenue[5]. - The ongoing downturn in the real estate market has led to a decline in sales of existing projects and an increase in inventory impairment, further reducing profits[5]. Audit and Reporting - The financial data in this earnings forecast has not been audited by the accounting firm[4]. - The performance forecast is based on preliminary estimates, and specific figures will be disclosed in the 2024 annual report[6]. Investment Advisory - Investors are advised to make cautious decisions and be aware of investment risks[6].