Shanghai Jahwa(600315)2025-01-24 09:15Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -7.1 billion and -8.8 billion CNY, indicating a significant loss compared to a profit of 5.00 billion CNY in the previous year[4]. - The anticipated net profit after deducting non-recurring gains and losses is projected to be between -7.2 billion and -8.9 billion CNY for 2024[4]. Goodwill Impairment and Strategic Changes - The company plans to recognize goodwill impairment of 5.5 billion to 6.8 billion CNY due to the decline in revenue and gross profit from overseas operations[6]. - The main reasons for the expected loss include goodwill impairment, a strategic shift in business operations, and a decrease in investment income due to external economic conditions[6]. - The company has undergone strategic restructuring focusing on core brands, brand building, online presence, and operational efficiency, which has negatively impacted current revenue and profits[7]. Organizational Adjustments - The company has adjusted its organizational structure to enhance decision-making efficiency and attract new talent[7]. Financial Asset Valuation - The company’s financial assets have seen a significant decrease in fair value, contributing to reduced investment income[7]. - The performance forecast has not been audited by a registered accountant, and the final impairment amount will be determined by a qualified evaluation agency[9]. Operational Management - The company emphasizes that its production and operational management remain normal and are not affected by the goodwill impairment[10].