WESTERN ANIMAL(SZ:300106)2025-01-22 10:46Financial Performance Expectations - The company expects a net loss for 2024, estimated between -90 million to -120 million CNY, compared to a net loss of -64.25 million CNY in the same period last year[2][3]. - The net profit after deducting non-recurring gains and losses is projected to be between -135 million to -165 million CNY, compared to a loss of -86.47 million CNY in the previous year[3]. Factors Affecting Performance - The decline in performance is attributed to increased promotional efforts by the dairy production subsidiaries, leading to a decrease in sales revenue and gross margin[5]. - The company's investment income has decreased due to losses from a jointly invested dairy farming company[6]. - The company has increased provisions for bad debts and inventory impairment in accordance with relevant regulations and prudence principles[6]. Non-Recurring Items - Non-recurring gains and losses for the reporting period are approximately 45 million CNY, primarily from government subsidies received[6]. Audit and Reporting - The company has not yet audited the preliminary performance forecast data, which was calculated by the finance department[4][7]. - The detailed annual performance data for 2024 will be disclosed in the annual report[7].