ZDG(000906)2025-01-23 10:50Financial Projections - The estimated net profit for 2024 is projected to be between 275 million and 410 million CNY, representing a decline of 40% to 60% compared to the previous year's profit of 682.91 million CNY [4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be a loss between 77 million and 212 million CNY, a decrease of 114% to 139% from the previous year's profit of 544.40 million CNY [4]. - The financial data in this earnings forecast has not been audited by an accounting firm and is subject to the final audited annual report for 2024 [7]. Operational Performance - The company anticipates achieving an operational volume exceeding 100 million tons for the year, with a year-on-year growth of over 10% [5]. - The company has faced challenges due to insufficient demand for bulk commodities and fluctuations in commodity prices, leading to increased credit impairment losses and asset impairment losses compared to the previous year [5]. Risk Management - The loss in net profit after deducting non-recurring gains and losses is primarily due to the use of futures and derivative tools to hedge against commodity price and exchange rate risks, which are recorded as non-recurring gains and losses [6]. - The company emphasizes the importance of risk management and has implemented measures to strengthen order, inventory, and price management [5]. - The company will continue to monitor the value of collateral and the progress of litigation against co-debtors in light of the bankruptcy restructuring of certain clients [5]. Strategic Initiatives - The company is committed to enhancing its supply chain integration service capabilities and optimizing customer structure while expanding into new categories such as new energy and chemical products [5]. - The company has seen an increase in government subsidies compared to the same period last year [6].