CNLIGHT(SZ:002076) Mei Ri Jing Ji Xin Wen·2025-04-21 15:48Core Viewpoint - Starlight Co., Ltd. has revised its profit forecast for 2024, now expecting a significant loss instead of a profit, indicating ongoing financial struggles and potential delisting risks due to insufficient revenue and losses [1][2][3]. Financial Performance - The company initially projected a net profit of 335 million to 520 million yuan for 2024, but the revised forecast indicates a net loss of 2.8 billion to 3.6 billion yuan, compared to a loss of 1.31 billion yuan in 2023 [1][2]. - Revenue for 2024 is still estimated to be between 180 million to 200 million yuan, which represents a year-on-year growth of 19.34% to 32.60% from 151 million yuan in 2023 [2][3]. Impairment and Acquisitions - The primary reasons for the revised loss forecast include a 700 million yuan provision for expected losses related to litigation, a 2.3 billion yuan goodwill impairment from subsidiaries, and a 230 million yuan inventory impairment [1][4]. - The company acquired 51% stakes in two subsidiaries, which have not performed as expected, leading to significant goodwill impairments shortly after the acquisitions [4][5]. Delisting Risk - Starlight Co., Ltd. may face delisting risk as it is projected that the audited profit totals for 2024 will be negative, and the revenue is expected to remain below 300 million yuan [3][6]. - If the company fails to meet certain financial performance criteria, it may be marked with a "*ST" designation, indicating a warning of potential delisting [3][6]. Management Commitments - The company's chairman has made voluntary commitments to buy back shares if the subsidiaries do not achieve specified profit targets by the end of 2025 [6].