yyfp(600963)2025-01-23 09:25Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 160 million and 190 million CNY, marking a turnaround from a loss in the previous year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -250 million and -220 million CNY for 2024 [2]. - In the previous year, the total profit was -267.93 million CNY, and the net profit attributable to shareholders was -237.95 million CNY [4]. - There are no significant uncertainties affecting the accuracy of this earnings forecast [10]. Acquisitions and Strategic Initiatives - The company completed the acquisition of 100% equity in Hunan Juntai New Materials Technology Co., Ltd., which is expected to contribute significantly to profitability in 2024 [7]. - The acquisition aims to enhance the company's high-end green pulp and paper industry strategy and improve resource control and influence [7]. - The company aims to achieve efficient resource allocation and sustainable development through integration in key areas such as raw material procurement and technological innovation [7]. Market Conditions and Challenges - The company faced a decline in paper product sales volume due to weak overall market demand and increased competition, leading to lower sales prices compared to the previous year [8]. - The company recognized impairment losses on goodwill for its subsidiary Chengtong Kaisheng Ecological Construction Co., Ltd. due to the industry's overall downturn [8]. Data and Reporting - The company emphasizes that the above data is preliminary and subject to final audited results in the 2024 annual report [11].