徐家汇(002561) - 2024 Q4 - 年度业绩预告

Financial Performance - The estimated net profit attributable to shareholders for 2024 is expected to be between 4 million and 6 million yuan, representing a decline of 92.02% to 94.68% compared to the previous year's profit of 7,522.74 million yuan [3]. - The net profit after deducting non-recurring gains and losses is projected to be between 1.6 million and 2.4 million yuan, a decrease of 94.09% to 96.06% from last year's 4,060.91 million yuan [3]. - Basic earnings per share are expected to be between 0.0096 yuan and 0.0144 yuan, down from 0.1809 yuan per share in the previous year [3]. Operational Challenges - The decline in net profit is primarily due to the impact of macroeconomic challenges, insufficient market demand, and low consumer confidence, which affected the performance of existing stores [6]. - The company is actively pursuing major investment projects and upgrading store hardware, which has led to a decrease in overall operating income due to ongoing renovation costs and asset disposals [6]. - The Shanghai Liu Bai urban renewal project has been fully launched, with the closure and demolition of the original building, impacting revenue [6]. Strategic Initiatives - The company is focusing on enhancing digital capabilities and integrating financial and operational management to reduce costs and improve efficiency, which has somewhat mitigated the impact of declining performance [6]. - The financial data provided is preliminary and subject to confirmation in the 2024 annual report, urging investors to make cautious decisions [7].