Shanghai Guijiu (SH:600696)2025-01-24 09:15Revenue Projections - The company expects 2024 revenue to be between 260 million and 290 million CNY, with core revenue (excluding unrelated business income) projected between 250 million and 280 million CNY[3]. - In 2023, the company reported revenue of 1,629.44 million CNY and a net profit of 87.07 million CNY, with a net profit (excluding non-recurring gains and losses) of 68.07 million CNY[6]. Net Loss Expectations - The estimated net loss attributable to shareholders for 2024 is between 180 million and 250 million CNY, with a net loss (excluding non-recurring gains and losses) projected between 130 million and 180 million CNY[5]. - The significant decline in performance for 2024 is attributed to the slower-than-expected recovery in the liquor industry, reduced market activity, and increased pressure on finances due to various factors[7]. Financial Risks - The company faces risks of being delisted if its revenue remains below 300 million CNY and if it continues to report negative net profits[3]. - The company has experienced challenges in maintaining distributor relationships due to financial pressures and legal issues affecting its major shareholders[7]. - Non-recurring losses are expected to increase due to declines in the fair value of investment properties and construction project stoppages[7]. Financial Data and Investor Caution - The company's net assets are expected to be between 320 million and 450 million CNY for 2024[5]. - The financial data provided is preliminary and has not yet been audited by external accountants, emphasizing the need for caution among investors[9]. - The company warns investors of potential risks related to the accuracy of the performance forecast, which is based on internal assessments[8].