HYNAR WATER(SZ:300961)2025-01-24 10:22Financial Performance - The company expects a net loss of 135 million yuan for the fiscal year 2024, compared to a net loss of 255 million yuan in the same period last year, indicating an improvement of approximately 47.06%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be a loss of 136 million yuan, compared to a loss of 258 million yuan in the previous year, reflecting a similar improvement[3] Factors Affecting Performance - The decline in performance is attributed to macroeconomic factors, industry cyclicality, and market supply-demand fluctuations, leading to slower-than-expected progress in new project orders[5] - The company has increased its focus on high-quality, light-asset water and environmental projects, which has affected the speed of project order acquisition[5] Financial Management and Provisions - Delays in customer settlements and increased aging of accounts receivable have resulted in higher provisions for credit losses during the reporting period[6] - Management expenses have risen due to restructuring efforts and increased one-time compensation expenses for departing employees, impacting overall performance[6] - The company has conducted preliminary impairment assessments on certain assets based on cautious principles, with final impairment amounts to be determined in the audited financial report[6] Audit and Reporting - The financial data presented is preliminary and has not been audited by the accounting firm, with final figures to be disclosed in the 2024 annual report[7]