启迪环境(000826) - 2024 Q4 - 年度业绩预告

Financial Performance Expectations - The company expects a net loss for 2024 between 2.45 billion and 2.88 billion CNY, a decline of 55.83% to 83.18% compared to the previous year's loss of 1.57 billion CNY[2] - The projected operating revenue for 2024 is between 4.9 billion and 5.4 billion CNY, compared to 5.4 billion CNY in the previous year[2] - The net profit attributable to shareholders is expected to be a loss of 2.00 billion to 2.88 billion CNY after deducting non-recurring gains and losses, a decrease of 33.31% to 91.96% from the previous year's loss of 1.50 billion CNY[2] - The performance forecast is preliminary and subject to change, with final figures to be disclosed in the official 2024 annual report[7] Investment and Credit Losses - The company has confirmed significant investment losses due to the ongoing bankruptcy restructuring of its associate company, Santon New Energy Technology Co., Ltd.[4] - The company has recognized substantial credit impairment losses related to receivables from Sand Group Co., Ltd., which is also undergoing bankruptcy restructuring[4] - Accounts receivable have increased, leading to higher credit impairment losses as collections did not meet expectations[4] Operating Expenses and Financial Burden - The company faces increased operating expenses due to a court ruling related to the acquisition of subsidiary equity, resulting in significant non-operating expenditures[4] - The company has seen a continuous decline in interest-bearing debt principal, but the overall financial cost burden remains heavy[6]