Kingland Technology(000711)2025-01-24 09:10Financial Projections - The company expects operating revenue for 2024 to be between 320 million and 420 million CNY, representing a year-on-year growth of 114.85% to 181.99% compared to 148.94 million CNY in the previous year [2]. - The net profit attributable to shareholders is projected to be a loss of 95 million to 170 million CNY, a decline of 109.00% to 116.10% from a profit of 1.0558265 billion CNY in the previous year [2]. - The company anticipates a total profit loss of 110 million to 180 million CNY, a decrease of 112.56% to 120.56% from a profit of 875.5603 million CNY in the previous year [2]. - The company’s net profit loss after excluding non-recurring gains and losses is projected to be between 95 million and 170 million CNY, representing a substantial reduction in losses of 87.84% to 93.20% compared to a loss of 1.3975378 billion CNY in the previous year [7]. - The company’s total equity attributable to shareholders is expected to be between 500 million and 700 million CNY, down from 727.256 million CNY at the end of the previous year [2]. Business Developments - The company has successfully acquired Yunnan Yesheng Environmental Resource Technology Co., which is expected to contribute to the annual revenue target of 300 million CNY starting from September 2024 [6]. - The company’s existing soil remediation business has seen a significant decline in revenue, dropping from 142 million CNY in the previous year due to the impact of bankruptcy restructuring and limited new orders [6]. - The company’s subsidiary, Zhongke Dingshi Environmental Engineering Co., has incurred significant losses due to increased bad debt provisions and a lack of new orders [7]. Financial Management - The company has initiated a stock incentive plan in May 2024, resulting in an amortization expense of over 20 million CNY for the current fiscal year [8]. - The company is under risk warning for potential delisting due to negative net assets and other financial conditions as per the Shenzhen Stock Exchange regulations [9].