JZ GROUP(SZ:300040)2025-01-17 11:47Financial Performance Expectations - The company expects a net loss of between 465 million to 490 million yuan for the fiscal year 2024, a decline of approximately 593.58% to 620.11% compared to a profit of 94.21 million yuan in the same period last year [4]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 517 million to 542 million yuan, a decrease of approximately 4,778.73% to 5,004.98% from a profit of 11.05 million yuan in the previous year [4]. Reasons for Decline - The significant decline in performance is primarily attributed to issues in the biomass power generation industry, including fuel shortages and cash flow problems, leading to an estimated impairment loss of approximately 525 million yuan [6]. - The company anticipates an additional goodwill impairment provision of about 30 million yuan related to the acquisition of Shenyang Haocheng Electric Co., Ltd., due to delays in the construction of new energy power stations [7]. - The expected losses from biomass power stations and goodwill impairments combined are projected to impact profits by approximately 555 million yuan, contributing to the overall decline in performance for 2024 [7]. Operational Challenges - The company has not completed the transfer of equity in the Taicounty Jiuzhou Wind Power Co., Ltd., which has delayed expected gains from the sale of new energy power stations [7]. Financial Reporting - The financial data presented is preliminary and has not been audited by an accounting firm, with detailed financial results to be disclosed in the 2024 annual report [8].