Red phase INC.(SZ:300427)2025-01-20 10:56Financial Performance - The estimated net profit attributable to shareholders for 2024 is expected to be a loss between RMB 290 million and RMB 390 million, compared to a loss of RMB 458.89 million in the same period last year [3]. - The estimated operating revenue for 2024 is projected to be between RMB 610 million and RMB 670 million, down from RMB 1,153.65 million in the previous year [3]. - Non-recurring gains and losses are expected to impact the net profit attributable to shareholders by approximately RMB 6 million, compared to RMB 54.51 million in the previous year [7]. - The financial data in this announcement is preliminary and has not been audited by the accounting firm [9]. Impairment Provisions - The company anticipates a goodwill impairment provision of approximately RMB 154 million related to the acquisition of 67.54% of Anhui Xingbo Communication Technology Co., Ltd. [6]. - An estimated asset impairment loss of about RMB 70 million is expected for the receivables acquired from Yinchuan Wolong Transformer Co., Ltd. [7]. Sector Performance - The company's power equipment detection and monitoring product contracts have decreased compared to the previous year, impacting sales revenue in the power sector [7]. - The communication sector's profit margins have been further compressed due to market demand slowdown, intensified competition, and rising costs [7].