SZZT(SZ:002197)2024-04-26 10:58Financial Forecasts - The company revised its net profit forecast for 2023 to a profit of RMB 30 million to 45 million, compared to a previous loss estimate of RMB 60 million to 80 million[3]. - The expected revenue for 2023 is projected to be between RMB 130 million and 155 million, an increase from RMB 122.49 million in the previous year[3]. - The company anticipates a basic earnings per share of RMB 0.05 to 0.07, a significant improvement from a loss of RMB 0.10 to 0.13 per share previously estimated[4]. Adjustments and Provisions - The adjustment in profit forecast is primarily due to an increase in bad debt provisions totaling approximately RMB 4 million and RMB 1.7 million, respectively[7]. - The company expects a reduction in net profit by approximately RMB 900,000 due to the allocation of gross profit between construction and operation obligations for a major project[7]. - A decrease in net profit of RMB 400,000 is anticipated due to adjustments in revenue from the Shenyang EMC project following a court ruling[7]. - The company has increased the recognition of losses on the fair value changes of other non-current financial assets by approximately RMB 19 million[8]. Cash Collection and Communication - The company is actively enhancing its cash collection efforts and has benefited from government debt reduction policies, recovering some cash and assets[7]. - The company has communicated with its auditing firm regarding the performance forecast revisions, and no significant disagreements have been reported[6]. Financial Data Integrity - The company emphasizes the importance of accurate financial data measurement and timely disclosure to improve information quality[10].