West Construction(SZ:002302)2025-01-20 09:35Financial Performance Forecast - The company expects a net profit loss between 200 million and 400 million CNY for the fiscal year 2024, compared to a profit of 644.91 million CNY in the same period last year[5]. - The expected net profit after deducting non-recurring gains and losses is projected to be a loss between 276 million and 476 million CNY, down from a profit of 571.87 million CNY last year[5]. - The basic earnings per share are anticipated to be a loss between 0.1788 CNY and 0.3372 CNY, compared to earnings of 0.4904 CNY per share in the previous year[5]. Market Conditions - The primary reason for the performance decline is attributed to the downturn in the ready-mixed concrete market in the covered regions, leading to a decrease in sales prices and gross profit margins[6]. Communication and Disclosure - The company has communicated with its auditing firm regarding the performance forecast, and there are no discrepancies noted[3]. - The financial data provided is a preliminary forecast and will be detailed in the annual report for 2024[7]. - The company warns investors to be aware of investment risks associated with the performance forecast[7]. - The performance forecast period is from January 1, 2024, to December 31, 2024[3]. - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in this announcement[8]. - The announcement was made by the Board of Directors of China Construction West Building Co., Ltd. on January 21, 2025[8].