TTC(SH:600326)2025-01-17 10:00Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -97.5 million and -65 million RMB, representing a year-on-year loss reduction of 43.88 million to 47.13 million RMB, or a decrease in loss of 81.82% to 87.88%[4]. - The expected net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between -130 million and -97 million RMB, indicating a year-on-year loss reduction of 27.23 million to 30.53 million RMB, or a decrease in loss of 67.68% to 75.89%[5]. - The total profit for the previous year was -544.43 million RMB, with a net profit attributable to shareholders of the parent company at -536.27 million RMB, and a net profit excluding non-recurring gains and losses at -402.26 million RMB[7]. Reasons for Expected Loss - The main reasons for the expected loss include intensified competition in the construction sector and significant losses from subsidiaries, particularly in the construction and building materials segments[8]. - The company faced a decline in cement sales and prices due to increased competition and reliance on external resources, leading to a decrease in gross margin and profitability[8]. Non-Operating Losses - Non-operating losses included a fair value decrease of 146.23 million RMB from holdings in other listed companies due to stock price declines[9]. - The company reported a fair value increase of 38.06 million RMB during the forecast period, impacting the net profit attributable to shareholders of the parent company[10]. Forecast Data and Auditing - The performance forecast is based on preliminary calculations by the finance department and has not been audited by registered accountants[11]. - The company emphasizes that the forecast data is preliminary and the final financial data will be disclosed in the official 2024 annual report[12].