Ye Chiu Resources(SH:601388)2025-04-17 09:05Profit Forecast - The company expects a net profit for 2024 to decrease by 111 million to 118.3 million CNY, representing a decline of 83.52% to 89.01% compared to the same period last year[2]. - The net profit excluding non-recurring gains and losses is projected to decrease by 127 million to 132.3 million CNY, reflecting a decline of 88.85% to 92.56% year-on-year[2]. - The previous profit forecast estimated a net profit of 34.9 million to 52.3 million CNY, which has now been significantly revised downwards[3]. - The company reported a total profit of 204.96 million CNY and a net profit attributable to shareholders of 132.9 million CNY for the same period last year[5]. Reasons for Revision - The revision in profit forecast is primarily due to a tax reassessment notice from the Malaysian tax authority affecting the subsidiary YE CHIU NON-FERROUS METAL (M) SDN BHD[6]. - The company has adopted the auditor's advice to include the disputed tax amount in the 2024 financial results, leading to a significant change in the profit forecast[6]. Forecast Accuracy - The company emphasizes that there are no major uncertainties affecting the accuracy of this profit forecast[7]. - The forecast data is preliminary and the final financial figures will be disclosed in the official 2024 annual report[8].