SEWPG(SH:688660)2025-01-17 10:10Financial Performance - The company expects a net loss attributable to shareholders for 2024 to be between RMB -720 million and -860 million, with a net loss after deducting non-recurring gains and losses estimated between RMB -740 million and -880 million [3]. - In 2023, the company reported a total profit of RMB -1,393.24 million and a net loss attributable to shareholders of RMB -1,271.27 million, with a net loss after deducting non-recurring gains and losses of RMB -1,411.66 million, resulting in an earnings per share of RMB -0.95 [6]. Loss Projections - The anticipated loss for 2024 is primarily due to the continuous decline in wind turbine bidding prices, leading to a situation where the estimated costs of some sales orders exceed the future realizable income, resulting in a provision for loss contracts estimated between RMB 250 million and 310 million [7]. Cost Management - The company has implemented measures to reduce product costs through product large-scale promotion, technology route adjustments, and supply chain cost reductions, which have improved gross margins on sales orders [7]. Investment Income - The company did not achieve expected investment income from the disposal of subsidiaries due to some completed projects not being transferred as planned within the year [7]. Financial Reporting - The financial data provided is preliminary and subject to change, with the final audited figures to be disclosed in the 2024 annual report [9]. - The company has indicated that there are no significant uncertainties affecting the accuracy of this earnings forecast [8].