GreatWall Military(601606)2025-01-17 10:20Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -396 million and -270 million RMB, a decrease of 422.74 million to 296.74 million RMB compared to the previous year [4]. - The estimated net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between -430 million and -304 million RMB, a decrease of 442.85 million to 316.85 million RMB year-on-year [4]. - In 2023, the net profit attributable to shareholders of the parent company was 26.74 million RMB, with a net profit of 12.85 million RMB after excluding non-recurring gains and losses [5]. Revenue and Expense Adjustments - The company adjusted its revenue down by approximately 329 million RMB due to pricing adjustments related to special products, impacting accounts receivable by about 340 million RMB [7]. - Management expenses increased due to reforms and personnel restructuring, with severance compensation costs rising year-on-year [7]. - R&D expenses increased by over 10% year-on-year as the company intensified its investment in research and development [7]. Strategic Initiatives - The company aims to enhance its technological strength and innovation capabilities through a revamped innovation system and the "16M33" special product development strategy [8]. - The company is focusing on internal lean management to improve operational efficiency and business performance [8]. Investment Risks - The performance forecast data is preliminary and subject to final audited results in the 2024 annual report, highlighting investment risks [9].