Huawu Co., Ltd.(300095)2025-01-21 09:42Financial Performance Expectations - The company expects a net profit loss for 2024, estimated between CNY 23 million and CNY 31 million, compared to a profit of CNY 6,029.93 million in the previous year[2] - The expected loss after deducting non-recurring losses is projected to be between CNY 24 million and CNY 32 million, down from a profit of CNY 4,603.07 million last year[2] - Non-recurring gains and losses are expected to impact the net profit of the company by approximately CNY 1 million[4] Impairment and Goodwill - The company plans to recognize goodwill impairment reserves between CNY 22 million and CNY 26 million, primarily related to the acquisition of Sichuan Ande Technology Co., Ltd.[3] - Prior to the impairment, the total goodwill balance was CNY 27,791 million, which will be reduced to approximately CNY 2 million to CNY 6 million after the impairment[4] - Investors are advised to be cautious and aware of investment risks due to the uncertainties surrounding the goodwill impairment amount for 2024[5] Market Conditions and Future Outlook - The significant loss is attributed to intense competition in the wind brake business, leading to a substantial decline in gross profit margins[3] - Despite short-term challenges, the company anticipates a recovery in the wind brake business as the industry environment improves and domestic wind power installation demand continues to grow[4] - The company aims to optimize its asset structure and improve asset quality through the recognition of impairment reserves, ensuring sustainable development[4] Reporting and Transparency - The specific financial data for 2024 will be detailed in the company's annual report, which is yet to be audited[5]