ELLASSAY(SH:603808)2025-01-24 09:20Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2024 to be between -389.38 million and -289.38 million RMB, indicating a loss compared to the previous year's profit of 105.65 million RMB[4]. - The projected net profit excluding non-recurring gains and losses is estimated to be between -342.69 million and -237.69 million RMB for 2024[5]. - The previous year's net profit attributable to shareholders was 10.56 million RMB, with earnings per share of 0.29 RMB[7]. Revenue and Growth Projections - The company anticipates a revenue growth of approximately 3%-7% year-on-year, driven by strong performance from brands such as Ellassay, self-portrait, Laurèl, and IRO in the domestic market[8]. Impairment and Cost Management - The company plans to recognize an impairment loss of approximately 101.44 million RMB related to the goodwill and trademarks of Tangli International[9]. - The company estimates an impairment provision of approximately 180 million to 230 million RMB for the IRO brand's goodwill and trademarks due to underperformance in overseas markets[10]. - The company has initiated cost reduction and efficiency improvement measures for the IRO brand, which are expected to incur one-time costs of approximately 40 million to 60 million RMB[9]. Impact of Stake Sale - The sale of a 50% stake in Tangli International is expected to impact the company's current performance by approximately -54 million RMB due to foreign exchange translation effects[8]. Caution and Preliminary Figures - The company emphasizes that the projected figures are preliminary and subject to change based on final audits and evaluations[14]. - Investors are advised to be cautious of potential risks associated with the preliminary impairment provisions and their impact on the 2024 financial results[14].