RIFA PM(002520)2025-01-23 09:20Financial Performance Expectations - The company expects a net loss attributable to shareholders of between RMB 600 million and RMB 890 million for the fiscal year 2024, compared to a loss of RMB 902.91 million in the same period last year, indicating a decrease in loss of 1.43% to 33.55%[3]. - The expected net loss after deducting non-recurring items is projected to be between RMB 640 million and RMB 930 million, down from RMB 940.44 million in the previous year, reflecting a decrease in loss of 1.11% to 31.95%[3]. - Basic earnings per share are anticipated to be a loss of between RMB 0.76 and RMB 1.13, compared to a loss of RMB 1.13 per share in the previous year[3]. Operational Challenges - The decline in performance is primarily attributed to a weak global air cargo market and geopolitical factors, leading to reduced income and profits from Airwork's aircraft leasing business[5]. - Airwork continues to face operational challenges, with expectations of ongoing losses and potential asset impairments due to the risk of not renewing a syndicate loan due in July 2025[6]. - The Italian MCM company has experienced increased costs due to geopolitical factors and inflation, resulting in further losses and potential impairment of goodwill from the acquisition[6]. Non-Recurring Items and Impairment - Non-recurring gains and losses are expected to impact the net profit attributable to shareholders by approximately RMB 20 million to RMB 40 million, mainly from government subsidies received during the reporting period[6]. - The company has not yet completed the impairment testing and evaluation, and the final financial data will be subject to audit confirmation in the 2024 annual report[7]. Investment Risks - Investors are advised to exercise caution and be aware of investment risks due to the uncertainties surrounding Airwork's financial situation and potential impacts on the company's future operations[7]. - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited by an accounting firm[4].