Hebei Runnong Water-saving Technology (BJ:830964)2025-01-23 14:15Financial Performance - The company forecasts a net profit attributable to shareholders between 9 million to 13.5 million CNY, representing a decrease of 72.96% to 59.44% compared to the previous year's profit of 33.2874 million CNY[4] - The decline in performance is primarily due to slow collection of payments from older projects, leading to a significant increase in impairment provisions[4] Industry Competition - Increased industry competition has resulted in a downward trend in overall gross profit margins[5] Project and Financial Management - The company has seen a significant increase in the number of projects won compared to the previous year, which has led to higher project investments and increased bank borrowings, consequently raising financial expenses[5] Financial Reporting - The financial data presented is preliminary and has not yet been audited by an accounting firm, emphasizing the need for investors to exercise caution[6]