Kingee Culture(SZ:002721)2025-01-24 10:05Financial Performance Expectations - The company expects a net profit attributable to shareholders of between 9 million and 13 million yuan for 2024, representing a decline of 98.05% to 98.65% compared to the previous year[3]. - The company anticipates a net loss of between 12 million and 8 million yuan after deducting non-recurring gains and losses, which is an increase of 98.27% to 98.85% compared to the previous year[3]. - Basic earnings per share are projected to be between 0.0034 yuan and 0.0049 yuan, down from 0.61 yuan per share in the previous year[3]. Reasons for Financial Decline - The significant decrease in net profit is attributed to the absence of large debt restructuring gains from the previous year, as the company has retained only the better-performing subsidiaries in retail[5]. - The number of consolidated subsidiaries has decreased year-on-year, leading to a decline in operating revenue and gross profit[5]. Cost Management and Financial Strategies - The company has improved cost management, resulting in a year-on-year decrease in sales and management expenses[6]. - There was no external financing during the reporting period, leading to a significant reduction in interest expenses[7]. - The company utilized idle funds to purchase structured deposits, generating additional income[7]. - Credit impairment losses have decreased year-on-year due to increased efforts in collecting receivables[7]. Reporting and Audit Status - The financial data presented is preliminary and has not been audited, with detailed figures to be disclosed in the 2024 annual report[8].