Jiajia Food(SZ:002650)2025-01-17 11:45Financial Performance - The company expects a net loss for 2024, with a projected loss of between CNY 13,500,000 and CNY 25,000,000, compared to a loss of CNY 19,149,680 in the same period last year[3] - The net profit after deducting non-recurring gains and losses is expected to be between CNY 16,000,000 and CNY 27,500,000, compared to a loss of CNY 20,059,660 in the previous year[3] - The basic earnings per share is projected to be between CNY -0.122 and CNY -0.226, compared to a loss of CNY 0.173 per share last year[3] Sales and Revenue - The decline in sales revenue is attributed to the termination of the company's processing business and reduced sales volume in the vegetable oil sector due to market conditions[5] - Increased marketing expenses were incurred to expand market coverage and enhance brand image, leading to higher promotional costs[5] Inventory and Impairment - The company has recognized an inventory impairment loss of CNY 22,771,100 due to the lower net realizable value of inventory held by its subsidiary[6] - Losses totaling CNY 67,246,800 were recognized from raw material losses related to processing contracts with two subsidiaries, which are currently undergoing bankruptcy proceedings[6] - The company has fully provided for credit impairment losses on the aforementioned receivables due to uncertainty regarding recovery[9] - As of December 31, 2024, the actual controller and related parties have not repaid compensation amounts totaling CNY 67,246,800, leading to a full provision for credit impairment losses[9] Risk Management - The company’s stock has been placed under "other risk warnings" since April 30, 2024, due to significant deficiencies in internal controls related to related party transactions and inventory management[12]