Kaiyuan EDU(SZ:300338)2025-01-20 10:30Financial Performance Expectations - The company expects a total profit loss between 10,000 and 20,000 million CNY for the fiscal year 2024, compared to a loss of 20,285.93 million CNY in the same period last year [3]. - The net profit attributable to shareholders is projected to be a loss between 9,000 and 18,000 million CNY, down from a loss of 27,496.13 million CNY year-over-year [3]. - Operating revenue is anticipated to be between 15,000 and 19,000 million CNY, significantly lower than the 34,140.42 million CNY reported in the previous year [3]. Equity and Impairment - The company expects to recognize a positive equity attributable to shareholders by the end of the fiscal year, influenced by non-repayable donations from related parties [6]. - The company will conduct impairment testing on goodwill in 2024, with the final impairment amount to be determined by a qualified evaluation and auditing firm [6]. - The company has faced significant declines in operating revenue and credit impairment losses, contributing to the expected losses [6]. Financial Health and Risks - The company’s net assets were negative as of the end of 2023, which has triggered a delisting risk warning under the Shenzhen Stock Exchange rules [7]. - The company has received a qualified audit opinion regarding its financial report for 2023, indicating substantial uncertainty about its ability to continue as a going concern [7]. - Investors are advised to exercise caution due to the potential risks associated with the company's financial situation and the possibility of delisting [7]. Data Reliability - The preliminary financial data provided in the earnings forecast is unaudited and may differ from the final figures in the annual report [9].