CXPC(SH:600078)2025-01-17 12:00Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -228 million and -158 million yuan[2]. - The expected net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between -222.3 million and -154.05 million yuan[2]. - In the same period last year, the total profit was 13.67 million yuan, with a net profit attributable to shareholders of the parent company of -60.83 million yuan[4]. - The financial data provided is preliminary and subject to final confirmation in the 2024 annual report[9]. Market Conditions and Product Performance - The average annual price of yellow phosphorus in the domestic market is expected to be 22,993 yuan/ton by the end of 2024, a decrease of 9.29% compared to 25,348 yuan/ton in the same period of 2023[6]. - The company’s main product, phosphoric acid, has seen a decline in competitiveness due to market conditions[6]. - The performance decline is attributed to economic cycle fluctuations, reduced consumer demand, and the transformation of the manufacturing industry[6]. Liabilities and Asset Management - The company has recognized an estimated liability of approximately 44.3 million yuan related to securities false statement litigation[6]. - The company has reversed deferred tax assets totaling approximately 37 million yuan due to anticipated inability to offset upcoming losses[7]. - The company has recognized asset impairment losses of approximately 23 million yuan due to inventory write-downs[7].