Huasun(000790)2025-01-21 09:50Financial Performance - The company expects a net loss of between 8 million and 15.5 million yuan for the fiscal year 2024, compared to a profit of 27.66 million yuan in the same period last year [2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of between 10 million and 19.5 million yuan, down from a profit of 35.42 million yuan last year [2]. Factors Affecting Profit - The decline in overall net profit is attributed to increased competition, rising procurement costs of traditional Chinese medicine raw materials, and a reduction in the scale of the construction steel structure business [4]. - The construction steel structure segment's output and profit recognition significantly decreased due to a focus on high-quality projects and a streamlined project scope [4]. - The Shandong Lingkai project is still in the trial production phase, resulting in depreciation and amortization expenses without product sales [4]. Goodwill and Financial Reporting - The company has preliminarily assessed the need to recognize goodwill impairment, leading to the provision for goodwill impairment [5]. - The financial data presented is a preliminary estimate by the company's finance department and has not yet been audited by an external auditor [6]. - Investors are advised to exercise caution as the specific financial data will be detailed in the 2024 annual report [6].