FINANCIAL STREET(SZ:000402)2025-01-23 10:50Financial Performance - The company expects a net profit attributable to shareholders to be between -1,200 million and -900 million CNY for the 2024 fiscal year, compared to a loss of 194.557 million CNY in the previous year[3]. - The projected net profit after deducting non-recurring gains and losses is estimated to be between -1,080 million and -780 million CNY, down from -207.159 million CNY in the previous year[3]. Sales and Revenue - The company anticipates a total sales contract amount of approximately 19.5 billion CNY in the real estate development business, with expected cash receipts of about 11 billion CNY[6]. Impairment Losses - The company plans to recognize an impairment loss of approximately 2.1 billion CNY due to the sale of existing projects and assets, with expected cash receipts of about 800 million CNY[7]. - The company will incur an estimated impairment loss of 2.2 to 3 billion CNY on inventory based on prudent accounting principles[8]. Cash Flow and Financial Stability - The company has achieved a net cash flow from operating activities of approximately 6 billion CNY, maintaining positive cash flow for six consecutive years[9]. - The company's monetary funds balance is approximately 12.8 billion CNY, which can cover one year of maturing liabilities[9]. - The company has reduced interest-bearing liabilities by over 2 billion CNY compared to the previous year[9]. Strategic Initiatives - The company aims to enhance project sales and cash collection efficiency while controlling costs and expenses to ensure stable development[10]. - The company is actively pursuing market opportunities in asset management and cultural tourism to improve operational efficiency and revenue[10].