BHAS(600960)2025-03-30 08:00Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2024 to be between -1,180 million and -1,430 million RMB[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -1,190 million and -1,441 million RMB[5]. - The previous year's net profit attributable to shareholders was -198.81 million RMB, indicating a significant decline in performance[6]. - The expected loss for 2024 is a significant increase compared to the previous year's loss of -198.81 million RMB, highlighting the severity of the current situation[6]. Factors Contributing to Losses - The company attributes the losses to multiple factors including the ongoing Russia-Ukraine conflict, lower-than-expected car sales in Germany, and rising costs of raw materials, labor, and energy[8]. - The company has acknowledged the impact of the bankruptcy application of its key machining supplier, which has affected its overall development[12]. Bankruptcy and Liquidity Issues - The liquidity issues faced by BTAH, a subsidiary, have led to the decision to apply for bankruptcy to mitigate losses and protect shareholder interests[8]. Future Commitments and Apologies - The preliminary financial data provided is subject to audit and may change, with the final figures to be disclosed in the 2024 annual report[11]. - The company has committed to improving the timeliness and accuracy of its performance forecasts in the future[13]. - The company has expressed sincere apologies to investors for the impact of the performance forecast correction[13].