ISS(600756)2025-01-15 10:31Financial Performance Expectations - The company expects a net profit of approximately 12 million yuan for the year 2024, representing a decline of over 50% compared to the previous year's net profit of 90.99 million yuan[3][5]. - The expected net profit after deducting non-recurring gains and losses for 2024 is around 15 million yuan, down from 83.81 million yuan in the previous year[3][5]. - The performance forecast is based on preliminary calculations by the finance department and has not been audited by registered accountants[8]. - The company has not identified any significant uncertainties that would affect the accuracy of the performance forecast[8]. - The data provided in the forecast is preliminary and the final financial data will be disclosed in the official 2024 annual report[9]. Revenue and Client Issues - The decline in revenue is attributed to client funding constraints, project bidding delays, and acceptance delays[7]. - The company has seen an increase in accounts receivable due to the aforementioned client funding issues, but maintains a strong credit profile with major clients being government agencies and large enterprises[7]. - The company has increased its provision for credit impairment losses based on expected credit loss rates due to the rise in accounts receivable[7].