ABT Networks(SH:688168)2025-01-24 09:30Financial Performance Expectations - The company expects to achieve an operating revenue of RMB 700 million to RMB 750 million in 2024, representing a year-on-year increase of RMB 171.72 million to RMB 201.72 million, or a growth of 27.67% to 36.79%[2]. - The projected net profit attributable to the parent company for 2024 is expected to be a loss of RMB 100 million to RMB 150 million, indicating a decline compared to the previous year's profit of RMB 11.78 million[2][3]. - The company anticipates an increase of approximately RMB 100 million in credit impairment losses due to cautious assessments of accounts receivable, which will negatively impact net profit[5]. Operational Improvements - The company plans to enhance its cash flow from operating activities, which is expected to turn positive in 2024 compared to a negative cash flow in 2023[5]. - The company has maintained a stable customer base and channels despite a slowdown in the overall cybersecurity industry growth[5]. Product and Service Development - The company has introduced new products and systems, including AI+security and computing security, to expand its service capabilities and support its strategic goal of "empowering AI + security construction"[5]. - The company has established a new R&D center in Shanghai, complementing its existing centers in Beijing and Wuhan, to strengthen its R&D capabilities[6]. - The company has seen rapid revenue growth from its subsidiaries, with Beijing Anbotong Digital Energy Technology Co., Ltd. and Shanghai Anbotong Computing Technology Co., Ltd. achieving significant business volume increases[6]. Industry Recognition - The company has been recognized as one of the "Top 50 Competitiveness in China's Cybersecurity Industry" for five consecutive years and has retained the title of "National Specialized and New 'Little Giant'"[6]. Forecast Validity - The performance forecast has not been audited by registered accountants, and the company has not identified any significant uncertainties affecting the accuracy of the forecast[7].