Bestlink Technologies (SH:603206)2025-01-15 10:34Financial Performance Expectations - The company expects a net profit attributable to shareholders of approximately CNY 74 million to CNY 110 million for the year 2024, representing a decrease of approximately CNY 75.61 million to CNY 111.61 million compared to the same period last year, a year-on-year decline of approximately 40.73% to 60.13%[4] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is approximately CNY 61 million to CNY 97 million, a decrease of approximately CNY 62.81 million to CNY 98.81 million compared to the previous year, reflecting a year-on-year decline of approximately 39.30% to 61.83%[4] - The total profit for the previous year was CNY 204.28 million, with a net profit attributable to shareholders of CNY 185.61 million and a net profit after deducting non-recurring gains and losses of CNY 159.81 million[7] Factors Affecting Performance - The decline in performance is attributed to intensified market competition, rising procurement and labor costs, and increased credit impairment losses due to higher accounts receivable balances[8] - Management expenses increased due to a rise in salaries from the addition of middle and senior management personnel, while R&D expenses also rose due to increased investment in research and development[8] - The company no longer benefits from the VAT reduction policy for small-scale taxpayers, leading to a decrease in other income compared to the previous year[8] Risks and Challenges - The company faces risks related to high accounts receivable balances and potential difficulties in collecting receivables, particularly in the real estate sector, which has not shown significant improvement[9] Audit and Reporting - The financial data provided is preliminary and subject to final audit, with the official audited annual report for 2024 to be disclosed later[11]