Topscore Fashion(603608)2025-01-24 09:30Financial Performance Expectations - The company expects a total profit of between -70 million and -102 million yuan for the year 2024, with a net profit attributable to shareholders ranging from -78 million to -110 million yuan [4]. - The anticipated operating revenue for 2024 is projected to be between 1 billion and 1.2 billion yuan, with the revenue after excluding non-core business income estimated at 990 million to 1.19 billion yuan [5]. - The net assets attributable to shareholders at the end of 2024 are expected to be between 1 billion and 1.2 billion yuan [6]. Challenges and Strategic Responses - The company faced significant challenges in its main business due to competitive market conditions and changing consumer demands, impacting its retail operations [8]. - The company has implemented strategies focused on enhancing product effectiveness, reducing costs in research and supply chain, and improving operational efficiency across the integrated industry chain [8]. Financial Reporting and Risks - The company reported a gross profit margin increase, but due to a decline in main business revenue and rising promotional expenses, the overall gross profit could not cover fixed costs, resulting in a negative net profit [8]. - The company has recognized impairment losses on assets such as inventory and fixed assets, which has increased tax expenses due to reduced deferred tax assets [10]. - The financial data provided in the earnings forecast has not been audited by an external accounting firm and is based on preliminary calculations by the company's finance department [11]. - The company’s stock has been under delisting risk warning since May 6, 2024, due to the issuance of an adverse audit opinion on its 2023 financial report [12]. - The company will issue risk warning announcements every 10 trading days until the formal 2024 annual report is disclosed [12].