Yuancheng(SH:603388)2024-07-09 10:49Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between -81 million yuan and -54 million yuan, indicating a loss compared to the same period last year [3]. - The net profit after deducting non-recurring gains and losses is expected to be between -54 million yuan and -36 million yuan for the same period [4]. - In the same period last year, the net profit attributable to shareholders was approximately 14.71 million yuan, with a net profit of about 7.83 million yuan after deducting non-recurring gains and losses [5]. Reasons for Performance Decline - The decline in performance is primarily due to the impact of macroeconomic downturns, leading to reduced investments from government and real estate sectors, resulting in slower order implementation and revenue decline [7]. - There has been an increase in credit impairment losses due to slower project funding and customer payments, further impacting net profit [7]. - The company completed a share transfer on June 28, 2024, which led to the recognition of credit impairment losses that affected the half-year net profit [7]. - Non-operating gains and losses did not have a significant impact on the company's performance decline [8]. Business Adjustments and Forecast - The company has adjusted its engineering business structure in response to favorable real estate policies and a recovering consumer market, but the implementation of new projects requires time, contributing to the decrease in net profit [7]. - The performance forecast has not been audited by registered accountants, and the company emphasizes that there are no major uncertainties affecting the accuracy of the forecast [9]. - The data provided is preliminary and the final financial figures will be disclosed in the official half-year report [10].