HES(SZ:002963)2025-01-24 10:00Financial Performance Expectations - The company expects a net profit loss of between 124.76 million yuan and 178.23 million yuan for the year 2024, compared to a profit of 17.81 million yuan in the same period last year[2] - The net profit after deducting non-recurring gains and losses is projected to be a loss of 68.56 million yuan, compared to a loss of 46.20 million yuan last year[2] - The basic earnings per share is expected to be a loss of 0.83 yuan to 1.19 yuan, compared to a profit of 0.12 yuan per share in the previous year[2] Factors Affecting Performance - The decline in operating performance is attributed to reduced gross margins in lighting engineering projects due to lower industry prosperity and intensified market competition[4] - The company has assessed its investment projects and made provisions for impairment on certain projects, contributing to the expected losses[4] - Delayed payments have led to increased asset and credit impairment provisions, further impacting profitability[4] Audit and Investor Advisory - The financial data in the earnings forecast has not been audited by the accounting firm, and specific financial details will be disclosed in the 2024 annual report[6] - Investors are advised to make cautious decisions and be aware of investment risks due to the preliminary nature of the earnings forecast[6]