Feymer(SH:688350)2025-02-13 08:25Financial Performance - Jiangsu Fumiao Technology Co., Ltd. expects a net loss attributable to shareholders of the parent company for 2024, ranging from -5.7 million to -3.8 million yuan, and a net loss after deducting non-recurring gains and losses between -15.3 million and -10.9 million yuan[2]. - The anticipated net loss for 2024 will negatively impact the company's profitability and credit rating[3]. Market Conditions - The decline in performance is attributed to a slowdown in global economic growth, persistent weak downstream demand, and intensified industry competition, leading to a decrease in sales prices and revenue[2][3]. - The membrane business expansion has not met expectations due to reduced investment in water environment governance projects[3]. Cost and Expenses - The overall gross margin is expected to decline year-on-year due to increased depreciation and amortization costs from new project investments and the solidification of fundraising projects[3]. - Financial expenses have increased significantly due to the capitalization of interest expenses related to fundraising projects[3]. Acquisitions and Impairments - The acquisition of Suzhou Jingchang Technology Development Co., Ltd. has resulted in losses for Jiangsu Changjiu Agricultural Science and Technology Chemical Co., Ltd., leading to substantial goodwill impairment[3]. Shareholder Changes - Jiangsu Fumiao Technology's controlling shareholder is planning to transfer shares, which may lead to a change in control of the company[3]. Credit Rating - The credit rating for Jiangsu Fumiao Technology remains at A+ with a stable outlook, as assessed by Dagong Global Credit Rating Co., Ltd.[1].