SIFANG NEW MATERIAL(SH:605122)2025-01-16 08:43Financial Performance Outlook - The company expects a net profit attributable to shareholders of between -152.94 million and -229.41 million yuan for the year 2024, indicating a loss compared to the previous year [2]. - Estimated operating revenue for 2024 is approximately 1.41 billion yuan, representing a year-on-year decline of 28.92% [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -159.81 million and -239.72 million yuan [3]. - In the same period last year, the net profit attributable to shareholders was 12.96 million yuan, with a net profit of 9.61 million yuan after deducting non-recurring gains and losses [4]. Reasons for Expected Loss - The primary reason for the expected loss is a significant decrease in demand for ready-mixed concrete due to a 23.6% decline in new construction area in Chongqing's real estate sector from January to November 2024 [5]. - The company has experienced increased credit impairment losses due to difficulties in collecting accounts receivable from downstream real estate developers [5]. - There are indications of asset and goodwill impairment losses related to the underperformance of acquired companies in the construction materials sector [5]. Audit and Reporting - The company has communicated with its annual audit firm regarding the performance forecast and has not identified any major uncertainties affecting the accuracy of the forecast [6]. - The financial data provided is preliminary and subject to change, with the final audited figures to be disclosed in the 2024 annual report [7]. Investment Risks - Investors are advised to be cautious of investment risks associated with the company's performance outlook [6].