GPTY(000545)2025-01-21 08:25Financial Performance Forecast - The estimated net profit for 2024 is projected to be a loss of between 200.83 million yuan and 265.10 million yuan, representing a decline of 25% to 65% compared to the previous year's loss of 160.67 million yuan[3]. - The estimated net profit after deducting non-recurring gains and losses is projected to be a loss of between 210.07 million yuan and 277.29 million yuan, also reflecting a decline of 25% to 65% from the previous year's loss of 168.05 million yuan[3]. - The basic earnings per share are expected to be a loss of between 0.2035 yuan and 0.2686 yuan, compared to a loss of 0.1628 yuan per share in the previous year[3]. Market Conditions - The decline in performance is attributed to weak market demand for titanium dioxide, leading to a continuous drop in product sales prices since April 2024[5]. - The increase in the price of the main raw material, sulfuric acid, compared to the same period last year has resulted in a decrease in gross profit[6]. Impairment and Losses - Impairment losses of approximately 80 million yuan are expected from subsidiaries, including Shanghai Dongyi Hotel Management Co., Ltd. and the headquarters building[6]. - Losses from the joint venture Nanjing Jinpu Yingsa Synthetic Rubber Co., Ltd. are contributing to long-term equity investment losses on the company's balance sheet[6]. Communication and Caution - The company has communicated with the accounting firm regarding the performance forecast, and there are no significant discrepancies[4]. - Investors are advised to exercise caution as the performance forecast is based on preliminary estimates and the final data will be disclosed in the 2024 annual report[7].