ROYAL GROUP(002329)2025-01-21 12:45Financial Performance Expectations - The company expects a net profit loss of between 62 million and 68 million yuan for the year 2024, compared to a profit of 6.73 million yuan in the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be a loss of between 49.4 million and 55.4 million yuan, compared to a loss of 15.2 million yuan in the previous year[3] - The basic earnings per share is projected to be a loss of between 0.7402 yuan and 0.8118 yuan, down from a profit of 0.0804 yuan per share last year[3] Reasons for Performance Decline - The decline in performance is primarily due to provisions for expected liabilities arising from litigation, credit impairment losses, and long-term equity investment impairment[6] - The company anticipates non-recurring gains and losses to be approximately -12.6 million yuan, mainly due to litigation-related provisions and government subsidies received[6] Segment Performance and Developments - The dairy segment's revenue is expected to grow by about 5% year-on-year, excluding the impact of the transfer of a subsidiary, with net profit doubling and improved gross margins[6] - The company has made significant progress in its water buffalo industry upgrade project, with the import of 10,000 high-quality embryos from Pakistan, marking a historic first in China's 67-year breeding history[6]