HONGMING(301105)2025-01-24 07:52Financial Projections - The estimated net profit for 2024 is projected to be a loss of between 8 million and 12 million RMB, compared to a loss of 16.77 million RMB in the same period last year[3] - The estimated net profit after deducting non-recurring gains and losses is projected to be a loss of between 11 million and 16.5 million RMB, compared to a loss of 17.51 million RMB in the same period last year[3] Reasons for Loss - The main reason for the expected loss is the low demand for investment in the downstream industry and intensified market competition, leading to lower than expected operating revenue and gross profit[5] Impairment and Expenses - The company has made provisions for impairment on long-term inventory with no use value and accounts receivable with low recovery probability[6] - Increased expenses due to property tax, long-term asset depreciation, and amortization resulting from the conversion of fundraising projects into fixed assets[6] Non-Recurring Gains and Losses - Non-recurring gains and losses for 2024 are primarily influenced by the disposal of non-current assets, government subsidies, and investment income from idle funds[6] Financial Reporting - The financial data presented is preliminary and has not been audited by the accounting firm, with final figures to be disclosed in the 2024 annual report[7]