WPG(SH:603956)2025-01-17 08:35Financial Performance - The company expects a net profit attributable to shareholders of approximately -220 million yuan for the year 2024, indicating a loss compared to the previous year [5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be around -223.9 million yuan for 2024 [5]. - In the previous year, the total profit was 11.37 million yuan, with a net profit of 23.34 million yuan attributable to shareholders [6]. - The projected performance data is preliminary and has not been audited by registered accountants, with no significant uncertainties affecting the accuracy of the forecast identified [10]. Research and Development - The company has invested approximately 1 billion yuan from 2020 to 2024 in the research and development of smart water management and related technologies [7]. Business Growth and Strategy - New orders signed during the reporting period increased by 3.11%, with smart water products accounting for over 50% of new orders, up from 7.79% in 2020 [8]. - The total value of orders on hand (including tax) reached 1.183 billion yuan, representing a year-on-year growth of 13.62% [8]. - The company has adjusted its strategy to focus on end-to-end smart water solutions, enhancing its market competitiveness and operational efficiency [8]. Risk Management and Future Measures - The company has made provisions for bad debts related to high-risk real estate clients, leading to increased credit impairment losses [9]. - Future measures will include cost reduction and efficiency improvement initiatives to enhance operational performance and aim for profitability [9].