Huahong Technology(002645)2025-01-24 09:55Financial Performance Expectations - The company expects a net loss attributable to shareholders of between 26,000 and 36,000 million yuan for 2024, compared to a loss of 15,880.88 million yuan in the same period last year[2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 36,000 to 46,000 million yuan, compared to a loss of 27,285.23 million yuan in the previous year[2]. - The basic earnings per share are expected to be a loss of 0.45 to 0.62 yuan per share, compared to a loss of 0.28 yuan per share last year[2]. Goodwill Impairment - The company plans to recognize goodwill impairment of approximately 25,000 to 35,000 million yuan due to the acquisition of Jiangsu Weierman Technology Co., Ltd.[5]. Business Performance and Developments - The company’s elevator component manufacturing business is expected to maintain stable revenue and profit levels year-on-year, despite increased market competition and a decline in product gross margins[5]. - The company’s scrap vehicle dismantling business has achieved breakthroughs due to policies promoting large-scale equipment updates and consumer product replacements[6]. - The domestic market prices for major rare earth products have stabilized, leading to a turnaround in the company's rare earth resource utilization business[6]. - The company is actively enhancing product performance and expanding market reach in its rare earth magnetic materials business, resulting in significant improvement in operating performance compared to the previous year[6]. - The company is increasing investment in new products and new business development, including establishing a factory in Europe, which will take time to contribute to stable performance[5]. Financial Data Disclaimer - The financial data provided is preliminary and subject to change, with the final figures to be disclosed in the 2024 annual report[7].