Fenglin Group(SH:601996)2025-01-17 10:10Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2024 to be between -100 million and -150 million CNY, a decrease of 15.228 million to 20.228 million CNY compared to the previous year, representing a year-on-year decline of 291.27% to 386.90%[2] - The projected net profit after deducting non-recurring gains and losses is expected to be between -105 million and -157.5 million CNY, a decrease of 15.527 million to 20.777 million CNY compared to the previous year, indicating a year-on-year decline of 308.85% to 413.28%[2] - The previous year's net profit attributable to shareholders was 52.2829 million CNY, with a total profit of 52.4294 million CNY[5] - The company reported earnings per share of 0.05 CNY in the previous year[6] Market Conditions Impact - The significant decline in profit is primarily due to the shrinking real estate market, leading to weak demand for decoration and furniture, coupled with an imbalance in supply and demand due to the continuous release of new production capacity in the artificial board market[7] Forecast Accuracy - The company currently does not face any major uncertainties that could affect the accuracy of this earnings forecast[8] - The projected earnings data is preliminary and subject to final audited results in the 2024 annual report[9]