Hwa Create(SZ:300045)2025-01-21 09:52Financial Performance Outlook - The company expects a net loss attributable to shareholders of between RMB 98 million and RMB 136 million for the fiscal year 2024, compared to a profit of RMB 17.62 million in the same period last year[3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss between RMB 92 million and RMB 130 million, down from a profit of RMB 3.73 million in the previous year[3]. - The decline in operating performance is primarily due to slower project delivery and acceptance, leading to a decrease in main business revenue[5]. - Non-recurring gains and losses are expected to impact net profit by approximately RMB 6 million, mainly from fair value changes of investments and property disposals[8]. Credit and Cash Management - The company has increased its provision for credit impairment losses due to the aging of accounts receivable, despite stable cash collections in 2024[6]. - The company emphasizes the importance of cash collection for sustainable development and has implemented measures to enhance receivables management[6]. Research and Development - Research and development expenses have increased compared to last year as the company focuses on product quality and new technology development[7]. Audit and Reporting - The company has communicated with its auditing firm regarding the performance forecast, and there are no significant discrepancies[4]. - The financial data presented is preliminary and has not been audited, with detailed figures to be disclosed in the 2024 annual report[9]. - Investors are advised to make cautious decisions and be aware of investment risks due to the preliminary nature of the performance forecast[9].