Beijing North Star(SH:601588)2025-01-17 09:30Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between -268.46 million and -334.08 million RMB, indicating a loss compared to the previous year[4]. - The expected net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -282.34 million and -351.35 million RMB[4]. - There are no significant uncertainties affecting the accuracy of this earnings forecast[10]. - The forecast data is preliminary and the specific financial data will be disclosed in the official 2024 annual report[11]. Previous Year Performance - In the previous year, the total profit was 398.73 million RMB, with a net profit attributable to shareholders of 68.06 million RMB[8]. Real Estate Business - The company’s real estate business has seen a decrease in the area available for settlement compared to the same period last year, leading to a decline in revenue[9]. - There are indications of impairment for some real estate projects, and the company plans to make provisions for inventory write-downs based on prudence[9]. Marketing and Business Stability - The company is adjusting its marketing strategies dynamically based on market conditions to promote project liquidation, although the gross profit margin has decreased[9]. - The company’s exhibition (including hotel) and commercial property businesses have remained stable during the reporting period[9]. Financial Reserves - The cash balance at the end of the period is estimated to be approximately 7.9 billion RMB, indicating sufficient financial reserves and smooth financing channels[5].