ELION(SH:600277)2024-04-23 11:41Financial Performance - The company expects a net profit attributable to shareholders for 2023 to be between -487.37 million and -595.67 million yuan, a decrease of 121.82 million to 132.65 million yuan compared to the previous year, representing a year-on-year decline of 166.69% to 181.51%[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -620.05 million and -728.35 million yuan, a reduction of 138.18 million to 149.01 million yuan compared to the previous year, indicating a decline of 181.40% to 195.62%[9]. - The previous profit forecast indicated a net profit of 36.45 million to 52.86 million yuan, with a year-on-year decrease of 69.44 million to 67.80 million yuan, reflecting a decline of 95.01% to 92.77%[8]. - The company reported a net profit attributable to shareholders of 730.82 million yuan and a net profit after deducting non-recurring gains and losses of 761.74 million yuan in the previous year[4]. - The decrease in net profit is also attributed to a reduction in profits from joint ventures, impacting net profit by approximately 82 million yuan[11]. Asset Management - The company anticipates an asset impairment loss exceeding the original estimate, with an additional provision of approximately 26.65 million yuan[5]. - The company plans to steadily reduce the deposit scale in its financial company, with a projected credit impairment loss of approximately 420 million yuan[14]. - The company reported a cash balance of 4,328.70 million yuan as of December 31, 2023, with 3,906.10 million yuan deposited in the financial company, which includes the proposed credit impairment provision[16]. Investor Relations - The company acknowledges the inconvenience caused to investors due to the revision of the profit forecast and commits to enhancing management to ensure the accuracy of future forecasts[12]. - The company emphasizes the importance of compliance with legal regulations to prevent similar situations in the future[12].