CLOUDWALK(688327)2025-01-17 09:05Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -680 million and -590 million RMB[4]. - The net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is expected to be between -710 million and -620 million RMB[4]. - In the same period last year, the net profit attributable to shareholders of the parent company was -643.46 million RMB, indicating a worsening performance year-over-year[5]. - The company reported a total profit of -654.69 million RMB in the previous year[5]. Revenue and Cost Management - The decline in revenue and gross margin is attributed to significant impacts from the global generative AI technology development and a decrease in new orders[8]. - The company has implemented refined management strategies to control operating expenses, resulting in a decrease in period expenses compared to the previous year[9]. - The increase in depreciation expenses from the acquisition of high-performance computing equipment has added to the financial burden in the short term[9]. - The company emphasizes the importance of cost control and business expansion to improve operational conditions moving forward[9]. Future Outlook - Non-operating gains and losses for 2024 are expected to be between 30 million and 40 million RMB, primarily due to a reduction in government subsidies[10]. - The company is focusing on optimizing its product and customer structure to build a more stable revenue source in the long term[8].