BAOSHENG SCI(SH:600973)2025-01-17 10:10Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2024 to be between -240 million RMB and -300 million RMB, a decrease of 271.02 million RMB to 331.02 million RMB compared to the previous year[3]. - The projected net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between -430 million RMB and -490 million RMB, a decrease of 460.56 million RMB to 520.56 million RMB compared to the previous year[5]. - The net profit for the previous year (2023) attributable to shareholders was 31.02 million RMB, with a net profit of 30.56 million RMB after excluding non-recurring gains and losses[6]. - There are no significant uncertainties affecting the accuracy of this earnings forecast[10]. Credit Impairment and Receivables - The company plans to make additional provisions for credit impairment losses on receivables from Evergrande, and excluding this impact, the company expects a positive net profit for the year[5]. - The company has been actively pursuing recovery and asset preservation for receivables from Evergrande, but has not made substantial progress, leading to the decision to provide for credit impairment losses[7]. Investment and Subsidiary Changes - The company transferred 30% of its stake in its subsidiary, which resulted in certain investment income, changing the subsidiary from a controlled to an associated company[7]. Business Growth and Strategy - The company reported stable growth in invoicing sales and operating income, with positive progress in high-end equipment and overseas market expansion[8]. - The company aims to enhance quality and efficiency, focusing on digital economy, marine economy, green economy, and low-altitude economy in future industries[8]. - The company's aerospace cables and high-speed parallel wires have gained wide market recognition, with plans to deliver excellent performance to investors[9].