TC(SH:603421)2024-07-10 14:04Financial Performance Forecast - The company expects a net profit attributable to shareholders of -43.5 million to -52 million yuan for the first half of 2024, indicating a loss compared to the same period last year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be -44.1 million to -52.8 million yuan [5]. - In the same period last year, the net profit attributable to shareholders was 35.88 million yuan, with a net profit of 34.66 million yuan after deducting non-recurring gains and losses [7]. - The financial data in this forecast has not been audited by registered accountants [6]. - Investors are advised to note that the forecast data is preliminary and the accurate financial data will be disclosed in the official half-year report [12]. Cash Flow and Impairment - The company anticipates a decline in cash flow due to penalties imposed by the State Grid Corporation, leading to goodwill impairment [9]. - Increased bad debt provisions were made based on expected credit loss models due to a cautious review of the business market environment [9]. Inventory and Market Conditions - Inventory testing indicated potential write-downs for products intended for the State Grid, which currently lack order support [9]. - The company will not continue selling certain R&D trial products, leading to expected inventory write-downs [9]. - The market environment for fire protection products is negatively impacted by a decrease in new real estate construction, resulting in anticipated write-downs of some finished products [9].