NCGF(SZ:300198)2025-01-23 08:06Financial Performance and Projections - The company expects a net loss for 2024 between 30,000 million and 45,000 million CNY, compared to a loss of 30,575.50 million CNY in the same period last year[2]. - The expected loss excluding non-recurring losses is projected to be between 24,000 million and 39,000 million CNY, compared to a loss of 30,967.66 million CNY in the previous year[2]. Operational Challenges - The decline in overall operating income is attributed to long-term receivables from invested PPP and BT projects, increased market competition, and tight cash flow[4]. - The company has increased provisions for credit and asset impairment losses due to unsatisfactory repayments from PPP and BT projects[4]. - Due to liquidity issues, the company has faced overdue bank loans and increased penalties and default fees[5]. - The company has temporarily suspended operations at some subsidiaries to control costs and improve production efficiency[4]. Future Concerns - The 2024 financial data will be detailed in the annual report, and there are concerns about the company's ability to continue as a going concern if the audit report indicates uncertainty[6].