CSD Water Service(SH:603903)2025-01-17 10:10Financial Performance - The company expects a net profit attributable to shareholders of approximately -100 million yuan for the fiscal year 2024, indicating a significant loss compared to a profit of 163.39 million yuan in the same period last year[2][4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be around -120 million yuan for 2024, compared to 152.46 million yuan in the previous year[2][4]. - This marks the first annual loss since the company went public, driven by multiple adverse factors[7]. Operational Challenges - The decline in performance is primarily due to a significant drop in the infrastructure construction services segment, with gross profit decreasing by approximately 240 million yuan compared to the previous year[6]. - The company has proactively adjusted its engineering business, including slowing down or suspending certain projects to reduce capital outlay, resulting in a substantial decrease in the number of new projects won in 2024[6]. - The average aging of accounts receivable has increased, leading to an estimated bad debt provision of approximately 50 to 80 million yuan[7]. - The company anticipates goodwill impairment for subsidiaries, with an estimated impairment amounting to approximately 30 to 50 million yuan[7]. Cash Flow and Support - The net cash flow from operating activities for the year is approximately 300 million yuan, providing strong support for the company's ongoing operations[7]. Forecast and Uncertainties - The company emphasizes that the forecasted figures are preliminary and subject to final audited results in the 2024 annual report[9]. - There are no significant uncertainties affecting the accuracy of the performance forecast[8].