CRCH(SH:600636)2025-01-20 10:00Financial Projections - The company expects a total profit for 2024 to be between -430 million and -350 million CNY, with a net profit attributable to shareholders of -428 million to -348 million CNY, and a net profit after deducting non-recurring gains and losses of -474 million to -394 million CNY[3]. - The projected operating revenue for 2024 is between 263 million and 293 million CNY, which is below the 300 million CNY threshold[3]. - The previous year's total profit was -169.33 million CNY, with a net profit attributable to shareholders of -168.85 million CNY, and operating revenue of 383.81 million CNY[8][10]. Impairments - The company plans to recognize goodwill impairment of between 350 million and 410 million CNY due to the acquisition of Guangzhou Aoweiya Electronic Technology Co., Ltd.[13]. - The company anticipates a long-term equity investment impairment of between 39.7 million and 48.7 million CNY related to its investment in Beijing Huasheng Jingshi Information Technology Co., Ltd.[14]. Non-Operating Gains and Losses - Non-operating gains and losses include a fair value change gain from a derivative financial asset estimated between 39.6 million and 48.3 million CNY[15]. Stock Risk - The company warns that its stock may face delisting risk warnings due to negative profit forecasts and operating revenue below 300 million CNY[16][17]. Investment in Technology - The company has increased investment in AI product technology development but has not yet seen effective market demand for new AI products[11].