GSMG(SH:600543)2025-02-28 11:05Financial Performance - The company expects a loss of between 45 million and 60 million yuan for 2024, with projected annual revenue between 330 million and 350 million yuan[1]. - The revenue from the company's main business, after excluding unrelated income, is estimated to be between 315 million and 330 million yuan[1]. - Revenue from biodegradable materials and film business increased by 32.5 million yuan and 48.52 million yuan respectively compared to the same period last year[4]. Client Transactions - Major clients include Shandong Daon and Yangzhou Huitong, with transaction amounts of 31.17 million yuan and 19.29 million yuan respectively, showing significant growth from 2023[4]. - Sales to Gansu Agricultural Reclamation Group amounted to 15.93 million yuan, constituting 34.5% of the total film business revenue for the year[4]. Compliance and Regulatory Issues - The company is required to clarify the revenue recognition practices and ensure compliance with accounting standards[2]. - The company is actively addressing the issues raised in the Shanghai Stock Exchange's inquiry and will fulfill its disclosure obligations[6]. - The annual financial auditor is expected to provide clear opinions on the company's revenue recognition and compliance with regulations[5]. Business Strategy - The company plans to reduce sales of film products to Gansu Hongyuan as it has no actual production capacity[4]. - The company is focusing on ensuring that its business operations have independent viability and core competitiveness[4].