QTEDU(300359)2025-01-24 07:58Financial Performance Expectations - The company expects a net loss for 2024, estimated between RMB 82 million and RMB 105 million, compared to a profit of RMB 6.45 million in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss between RMB 86 million and RMB 109 million, down from a profit of RMB 4.56 million year-on-year [3]. Revenue and Profit Decline Factors - The decline in revenue and gross profit is attributed to industry policies, intensified market competition, tight customer budgets, and decreased demand [5]. Credit Impairment and Receivables - The aging of accounts receivable and other receivables has increased significantly, leading to a substantial rise in credit impairment provisions [6]. - The company plans to recognize a credit impairment of RMB 12.12 million related to compensation for land that was reclaimed by the government, with RMB 60.86 million still unpaid [6]. Impact of Non-Recurring Gains and Losses - Non-recurring gains and losses are expected to impact net profit by approximately RMB 4 million, primarily from government subsidies and financial product income [6]. Business Strategy Adjustments - The company has proactively raised the selection criteria for certain businesses, resulting in the abandonment of some business opportunities to ensure cash flow safety [5]. Investor Guidance - The specific financial data for the 2024 fiscal year will be detailed in the annual report, urging investors to make cautious decisions [7].