Shanghai Electric(SH:601727)2025-01-20 10:25Financial Performance Forecast - The company expects a net profit attributable to shareholders of RMB 680 million to RMB 810 million for 2024, an increase of RMB 400 million to RMB 530 million compared to the previous year, representing a year-on-year growth of 138% to 184%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between RMB -620 million and RMB -520 million, an increase of RMB 600 million to RMB 700 million compared to the previous year[7] - The company’s adjusted net profit for 2023, after restatement, was RMB 803 million, with a net loss of RMB 1.224 billion after deducting non-recurring gains and losses, and basic earnings per share of RMB 0.051[9] - The company confirms that there are no significant uncertainties affecting the accuracy of the performance forecast[11] - The forecast data is preliminary and the final financial data will be disclosed in the official 2024 annual report[12] Reasons for Profit Increase - The main reasons for the expected profit increase in 2024 include improved gross profit and gross profit margin, as well as optimized debt structure and reduced interest-bearing liabilities[10] - The company has improved its operating cash flow and reduced financial expenses compared to the previous year[10] - The acquisition of 100% equity in Shanghai Ningsheng Industrial Co., Ltd. by Shanghai Electric Automation Group Co., Ltd. is expected to contribute a net profit of RMB 300 million for 2024[8] Investment Risks - Investors are advised to pay attention to investment risks related to the preliminary forecast[12]