Polaris Bay (600155)2025-01-24 14:15Financial Performance Expectations - The company expects net profit attributable to shareholders for 2024 to be between 40 million and 60 million CNY, representing a year-on-year decline of 87%-91% from 462.31 million CNY in 2023[2] - The net profit after deducting non-recurring gains and losses is projected to be between 230 million and 260 million CNY, down 44%-50% from 464.17 million CNY in 2023[2] - Basic earnings per share are estimated to be between 0.02 CNY and 0.03 CNY, compared to 0.21 CNY in 2023[2] Reasons for Performance Decline - The decline in performance is attributed to the ongoing development and investment phase of the new digital network business, which has not yet generated returns[3] - The subsidiary Huachuang Securities experienced profit declines due to litigation and asset impairment issues[3] - The subsidiary Beijing Siterqi reported losses influenced by industry and market factors[3] Future Strategies and Goals - The company plans to continue focusing on AI-driven digital network construction and operations as a long-term goal[3] - The company aims to optimize asset allocation, strengthen cost control, and improve profitability moving forward[3] Caution and Reporting - The reported figures are preliminary and subject to change pending the audited annual report for 2024[4] - Investors are advised to be cautious regarding investment risks associated with the preliminary earnings forecast[4]