Huijin(SZ:300368)2025-01-21 10:10Financial Performance - The company expects a net loss of between RMB 23 million and RMB 29.5 million for the fiscal year 2024, compared to a loss of RMB 24.8 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 22.5 million and RMB 30.5 million, down from a loss of RMB 26.8 million in the previous year[3]. Revenue and Business Strategy - The decline in revenue is attributed to strategic adjustments aimed at optimizing the business structure and focusing resources on core competencies, leading to reduced income from supply chain and integrated information solutions[5]. Impairment and Investment Losses - The company has conducted impairment testing on goodwill from acquisitions, resulting in estimated impairment losses due to underperformance of certain subsidiaries[6]. - Investment performance has been negatively impacted by industry downturns, prompting the company to recognize fair value losses on certain investments[7]. - The company has faced challenges in collecting receivables due to intensified competition and tight cash flow in client industries, leading to credit impairment losses being recognized[7]. - The final values for goodwill impairment and fair value changes will be determined by professional assessment and audit, with potential adjustments post-audit[8]. Financial Reporting - The preliminary financial data provided is unaudited, with detailed financial results to be disclosed in the 2024 annual report[9].