Zhengping Road & Bridge (SH:603843)2024-07-09 11:25Financial Performance Expectations - The company expects a net profit attributable to shareholders for the first half of 2024 to be between -52 million and -76 million yuan, indicating a reduction in losses compared to the same period last year[3]. - Excluding non-recurring gains and losses, the expected net profit attributable to shareholders is projected to be between -50 million and -74 million yuan, also reflecting a reduction in losses year-over-year[4]. - In the first half of 2023, the company reported a net profit attributable to shareholders of -84.5 million yuan, and -87.3 million yuan after excluding non-recurring items[5]. Market Conditions - The construction industry is facing intensified competition and increased market concentration, leading to a decrease in new orders for the company[7]. - The company anticipates that construction revenue and gross profit will decrease compared to the same period last year due to delays in project progress caused by funding issues from owners[7]. Cash Flow and Financial Management - The company has increased efforts to collect payments, resulting in some projects seeing improved cash inflows compared to the previous year, contributing to the expected reduction in losses[7]. - Management and financial expenses are expected to remain consistent with previous years, contributing to the overall loss for the first half of 2024[7]. Caution and Future Reporting - The performance forecast is based on preliminary calculations and has not been audited by an accounting firm, highlighting the need for caution[8]. - The company will provide more accurate financial data in its official half-year report, which will supersede the preliminary figures provided[9]. - Investors are advised to pay attention to investment risks as the forecast is subject to change based on actual performance[9].