BESCIENT TECHNOLOGIES CO.(688671)2025-01-17 10:30Financial Performance - The company expects a net loss attributable to shareholders of the parent company for 2024 to be between -47.42 million yuan and -23.71 million yuan, compared to a profit of 23.37 million yuan in 2023[3][4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -66.59 million yuan and -33.30 million yuan for 2024, down from 10.50 million yuan in 2023[3][4]. - The company reported a credit impairment loss of 30.75 million yuan to 39.98 million yuan due to increased long-aged accounts receivable, despite efforts to strengthen collection[6]. Research and Development - Research and development expenses are expected to increase by approximately 20% to 25% compared to the previous year, as the company continues to invest in digital market expansion[6]. - The company aims to leverage major economic policies for industrial upgrades and will continue to innovate and reserve products and technologies in the digital field[6]. Digital Business Development - The company has made breakthroughs in various digital sectors, including digital water conservancy, agriculture, marine, and grassroots governance, with an increase in order quantity compared to the same period last year[6]. - The company is currently in a cultivation period for its new digital business, which has contributed to the revenue decline[5]. Market Conditions - The overall demand in the digital ecology industry has declined, impacting the company's revenue and leading to a decrease in gross margin[5]. Audit and Investment Risks - The financial data provided is preliminary and has not yet been audited by a registered accounting firm, with the final figures to be disclosed in the audited annual report[7][8]. - Investors are advised to be cautious regarding investment risks as the forecast data is subject to change pending audit results[8].