WINALL(300087)2025-01-24 09:45Financial Projections - The estimated net profit attributable to shareholders for 2024 is projected to be between RMB 100 million and RMB 150 million, representing a decline of 45.23% to 63.49% compared to the previous year's profit of RMB 273.86 million[3]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between RMB 158 million and RMB 228 million, a decrease of 2.51% to 32.44% from last year's RMB 233.88 million[3]. Revenue Drivers - The anticipated increase in operating revenue is primarily driven by the growth in rice seed exports and domestic corn seed sales[5]. Profit Decline Factors - The decline in net profit is attributed to several factors, including increased competition, a decrease in overall gross margin for seed business, and higher research and management expenses[6]. Research and Development - The company has increased its investment in research and development, which has contributed to the rise in operating management expenses[6]. Financial Prudence - The company has made provisions for credit impairment on receivables and inventory write-downs based on prudence principles[6]. - The financial data presented is preliminary and has not yet been audited by the accounting firm[4]. Investment Advisory - The company advises investors to make cautious decisions and be aware of investment risks[7].