YMCC(SH:600691)2025-01-17 10:45Financial Performance - The company expects a net profit attributable to shareholders for 2024 to be between -760 million and -500 million RMB, indicating a reduction in losses compared to -1,365.575 million RMB in the previous year [2][3]. - The net profit after deducting non-recurring gains and losses is projected to be between -800 million and -530 million RMB, a decrease from -1,000.9966 million RMB in the previous year, reflecting a reduction in losses of 200.9966 million to 470.9966 million RMB [3]. - The company reported a loss per share of -0.5747 RMB in the previous year [4]. Market Conditions - The decline in urea product prices is approximately 15% year-on-year, significantly impacting profit margins and leading to losses [6]. - The sales price of polyvinyl chloride (PVC) products decreased by about 9% year-on-year, contributing to negative gross margins and increased losses [6]. Asset Management - The company has conducted impairment testing on various assets and made provisions for potential asset impairments [6]. - Non-operating gains and losses, including government subsidies, had a minimal impact on the company's net profit during the reporting period [6]. Forecast and Reporting - The company emphasizes that the forecast data is preliminary and subject to change pending the audited financial report for 2024 [8].