CECEP Techand Ecology(300197)2025-01-27 08:30Financial Performance - The company expects a net loss of between RMB 1.83 billion and RMB 2.379 billion for the fiscal year 2024, representing a decline of 23.65% to 60.74% compared to the previous year's loss of RMB 1.4828597 billion [4][5]. - The net loss after deducting non-recurring gains and losses is projected to be between RMB 1.772 billion and RMB 2.3036 billion, a decrease of 11.31% to 44.70% from last year's loss of RMB 1.5919356 billion [5]. Causes of Loss - The significant loss is attributed to a decline in operating income and gross margin due to increased market competition and delays in revenue recognition from overseas projects [7]. - Asset impairment provisions have increased due to delayed payments from clients and underperformance of certain subsidiaries, leading to credit impairment losses [7]. Cost Management - The company has seen a reduction in period expenses compared to the previous year, but fixed costs remain substantial [7]. Financial Reporting - The preliminary financial data is subject to final audit results, and specific financial figures will be disclosed in the 2024 annual report [8].