Guangdong PAK (SZ:300625)2025-01-17 11:45Financial Performance Forecast - The company expects a net profit of between 40 million and 48 million yuan for 2024, representing a decline of approximately 76.57% to 80.48% compared to the previous year's profit of 204.88 million yuan[1]. - The net profit after deducting non-recurring gains and losses is projected to be between 8 million and 12 million yuan, a decrease of approximately 92.85% to 95.23% from last year's 167.76 million yuan[1]. - The company's operating revenue is expected to decline by about 11% year-on-year due to overall market demand and industry impacts[3]. - The comprehensive gross profit margin is anticipated to decrease by approximately 2.4 percentage points compared to the previous year[3]. - The impact of non-recurring gains and losses on net profit is expected to be about 34.70 million yuan, a decrease of approximately 242,000 yuan from the previous year's 37.12 million yuan[4]. Credit Impairment and Provisions - The company has increased the bad debt provision for receivables from a previous 80% to 100%, resulting in an additional credit impairment loss of approximately 41.90 million yuan[4]. - Total credit impairment losses for the reporting period are estimated to be around 46.42 million yuan, including other credit impairment losses[4]. Expenses and Competitiveness - The company has increased sales and management expenses compared to the previous year to enhance competitiveness[3]. Disclosure and Investment Advisory - The final financial data for 2024 will be disclosed in the company's annual report, pending audit confirmation[5]. - Investors are advised to make cautious decisions and be aware of investment risks due to the preliminary nature of the performance forecast[5].