BHAS(600960)2025-01-24 10:05Financial Performance Expectations - The company expects a net loss attributable to shareholders for 2024 between -400 million and -495 million CNY[3] - The expected net loss attributable to shareholders after deducting non-recurring gains and losses is projected to be between -410 million and -506 million CNY[3] - The previous year's net loss attributable to shareholders was -198.81 million CNY[4] - The company reported a loss per share of -0.2092 CNY[6] Factors Affecting Performance - The decline in performance is attributed to multiple adverse factors including the Russia-Ukraine conflict, economic downturn in Germany, inflation, weak market demand, and rising supply chain costs[7] - The company's German subsidiary BTAH experienced a decrease in customer orders, leading to a decline in revenue[7] - The wheel hub business of the subsidiary Tai'an Qicheng faced reduced orders due to US-China trade tensions and restructuring of major customers[7] Company Measures and Uncertainties - The company has implemented various measures including management adjustments and cost-cutting, but these have not offset the negative trends in the automotive industry[7] - The impairment testing for assets related to the BTAH subsidiary is still ongoing, and the estimated impact on the 2024 performance remains uncertain[8] - The data provided is preliminary and the final financial figures will be disclosed in the official 2024 annual report[9]