京源环保(688096) - 2024 Q4 - 年度业绩预告

Revenue and Profit Projections - The company expects to achieve an operating revenue of approximately 476.22 million yuan in 2024, representing a year-on-year increase of around 20%[2] - The net profit attributable to the parent company is projected to be between -25.20 million yuan and -21.00 million yuan, indicating a reduction in losses of 14% to 28% compared to the previous year[2] - The net profit attributable to the parent company, excluding non-recurring gains and losses, is expected to be between -31.40 million yuan and -27.20 million yuan, reflecting a reduction in losses of 29% to 38% year-on-year[2] - The company has reported a partial reversal of credit impairment provisions during the year, contributing to the reduction in losses[2] Operational Challenges - The primary reasons for the anticipated losses include increased period expenses and the provision for impairment losses[3] - The company operates in the industrial water treatment sector, which is sensitive to market demand fluctuations and faces intense competition, suggesting continued pressure on performance in the short term[3] - The company has a significant accounts receivable scale, which poses a risk of bad debt losses and requires ongoing monitoring of collection situations[3] Credit Rating and Financial Assessment - The credit rating agency maintains the company's credit rating at A with a stable outlook, and the same rating applies to the "Jingyuan Convertible Bond" with a validity period until February 19, 2025[3] - The financial condition assessment indicates a liquidity status rated at 5/7, while the overall business condition is rated at 3/7[5] - The agency will closely monitor the company's operational and financial status, as well as the impact of these factors on credit ratings[3]