PNC(SH:603690) Shang Hai Zheng Quan Bao·2025-04-22 19:59Core Viewpoint - The company has revised its 2024 annual performance forecast, indicating a significant decline in net profit compared to the previous year, primarily due to increased credit impairment provisions and adjustments in accounts receivable bad debt preparation rates [2][5][9]. Performance Forecast Situation - The performance forecast period is from January 1, 2024, to December 31, 2024 [3]. - The revised forecast estimates a net profit attributable to shareholders of the parent company between 20 million and 30 million yuan, representing a decrease of 34.73 million to 35.73 million yuan compared to the previous year, which is a year-on-year decline of 92.05% to 94.70% [2][5]. - The previous forecast estimated a net profit between 90 million and 135 million yuan, with a year-on-year decrease of 24.23 million to 28.73 million yuan, or a decline of 64.22% to 76.14% [4]. Reasons for Forecast Revision - The main reasons for the revision include: 1. The company has decided to make additional credit impairment provisions for receivables with recovery risks, which will reduce the net profit for 2024 [9]. 2. The accounts receivable bad debt preparation rate has been increased by two percentage points after a thorough assessment, leading to a higher amount of bad debt provisions and a corresponding reduction in net profit [9]. Previous Year’s Financial Performance - In the previous year, the net profit attributable to shareholders of the parent company was 377.28 million yuan, and the net profit after deducting non-recurring gains and losses was 102.06 million yuan [6]. - The earnings per share for the previous year were 1.059 yuan [7].