CREC(000736)2025-01-21 11:35Financial Performance Forecast - The estimated net profit for 2024 is expected to be a loss of approximately 530 million yuan, compared to a loss of 167.31 million yuan in the same period last year[3]. - The estimated net profit after deducting non-recurring gains and losses is expected to be a loss of approximately 540 million yuan, compared to a loss of 171.93 million yuan in the same period last year[3]. - The estimated basic earnings per share is expected to be a loss of approximately 7.33 yuan per share, compared to a loss of 2.41 yuan per share in the same period last year[3]. - The estimated equity attributable to the parent company at the end of the accounting year is expected to be negative 370 million yuan, compared to 161.56 million yuan at the end of the previous year[4]. - The 2024 performance forecast is preliminary and may differ from the final data disclosed in the annual report[7]. Factors Affecting Profitability - The decline in net profit is primarily due to a decrease in the number of projects meeting delivery conditions and a reduction in gross margin due to competitive market conditions[6]. - Financial expenses have increased compared to the previous year due to rising interest expenses from completed real estate projects[6]. - The company has identified impairment indicators for certain real estate projects and has provisioned for asset impairment losses based on prudence[6]. Regulatory and Disclosure Considerations - The company anticipates a negative net asset value for 2024, which may lead to a delisting risk warning according to Shenzhen Stock Exchange regulations[7]. - The designated information disclosure media for the company includes multiple financial newspapers and websites, urging investors to make cautious decisions[7].