GONGJIN(603118)2025-01-17 12:20Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -90 million and -60 million RMB, indicating a loss compared to the previous year [3]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -160 million and -130 million RMB [3]. - In the previous year, the total profit was 69.62 million RMB, with a net profit attributable to shareholders of the parent company of 64.72 million RMB [6]. - The earnings forecast data is preliminary and subject to final audited results in the annual report [12]. Market and Product Impact - The average price of the company's products has been significantly impacted due to a decline in the communication terminal equipment market, which has affected the overall gross profit and profitability [9]. - The company anticipates significant impairment losses on fixed assets, construction in progress, inventory, and receivables due to market conditions and cautious accounting practices [9]. - The company has communicated with its auditing firm regarding the preliminary impairment amounts, which will be finalized after evaluation by professional assessment and auditing institutions [9]. Strategic Plans - The company plans to continue its efforts in smart manufacturing and quality improvement, focusing on product upgrades and research innovation in 2025 [10]. - The company aims to expand its market presence both domestically and internationally, increasing the proportion of high value-added products [10]. Uncertainties and Assurances - The company has not identified any major uncertainties that would affect the accuracy of this earnings forecast [11].