LMC(SZ:002921)2024-07-10 11:02Financial Performance - The company expects a net loss of between 16 million and 19.5 million yuan for the reporting period, representing a decline of 815.96% to 1016.33% compared to the same period last year[6]. - The net profit attributable to shareholders is projected to be a loss of between 10 million and 13.5 million yuan, with a decrease of 628.13% to 882.98% year-on-year[6]. - The basic earnings per share are expected to be a loss of between 0.1286 yuan and 0.1568 yuan, compared to a loss of 0.0137 yuan per share in the previous year[6]. Sales and Revenue - The decline in sales revenue and profit is attributed to the transfer of equity in a subsidiary, which was no longer included in the consolidated financial statements from April of the previous year[7]. - New investment subsidiaries, such as Rizhao Liancheng and Anhui Liancheng, are currently in the early stages of operation, resulting in low sales and high costs[4]. Future Outlook and Strategy - The company has been implementing a project aimed at improving production efficiency and reducing operational costs, which lays a solid foundation for future profitability[5]. - The company is focusing on the continuous development of high-quality customers and new products to enhance future profitability[5]. Communication and Caution - The company has communicated with the accounting firm regarding the earnings forecast, and there are no significant discrepancies in this regard[11]. - The company emphasizes the importance of cautious decision-making for investors due to the preliminary nature of the earnings forecast[5]. Investment Impact - The fair value changes from external investments have resulted in a loss that has reduced current profits[8].