Newtouch(SH:688590)2025-01-23 10:30Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between RMB 6 million and RMB 9 million, a decrease of RMB 59.62 million to RMB 62.62 million compared to the same period last year, representing a year-on-year decline of 86.88% to 91.26%[4]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between RMB -8.5 million and RMB -4.5 million, a decrease of RMB 47.77 million to RMB 51.77 million compared to the previous year, indicating a year-on-year decline of 110.40% to 119.65%[4]. - The company expects to achieve an operating cash flow of approximately RMB 45 million in 2024, while ensuring timely collection of accounts receivable[9]. Revenue and Growth Projections - The company anticipates an operating revenue of RMB 2 billion to RMB 2.1 billion for 2024, which represents an approximate growth of 25% compared to the previous year[7]. Investment and Development Initiatives - The company plans to increase investment in product research and development related to artificial intelligence, which may lead to short-term performance pressure due to sustained expenditures[8]. - The company has completed the development of the "Xinzhi 98B General Model" and has submitted it for regulatory approval, enhancing capabilities in logical reasoning, language understanding, text generation, and code processing[9][10]. - The company has launched the "Xinzhi Law" model product in June 2024, aimed at key scenarios such as "case retrieval" and "judicial document generation" in the judicial field[10]. Cost and Expense Management - The company will incur approximately RMB 35 million in expenses related to employee stock options and RMB 18 million in convertible bond interest, totaling RMB 53 million, which will impact net profit[8]. - The company has faced project delays and personnel layoffs due to policy adjustments from core banking clients, resulting in termination costs exceeding RMB 15 million[9]. Competitive Positioning - The company emphasizes the importance of maintaining a strong competitive position in the rapidly evolving artificial intelligence industry[10].