Financial Performance - The company expects a net profit of between 12 million and 18 million yuan for 2024, a decrease of 73.42% to 82.28% compared to the previous year's profit of 67.71 million yuan[3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 500 million to a profit, down 89.93% to 110.07% from a profit of 49.67 million yuan in the previous year[3]. - The financial data in this earnings forecast is preliminary and has not been audited, with final figures to be disclosed in the 2024 annual report[7]. Revenue and Sales Challenges - The decline in revenue is attributed to uncertainties in the secondary water supply and sewage treatment industry, as well as stricter customer quality management leading to reduced sales[5]. - Increased bad debt provisions are a result of extended project audit settlement and payment timelines, resulting in longer accounts receivable collection periods[5]. Research and Development - The company has increased R&D investment, focusing on energy-saving and low-carbon technology innovations, which has led to higher R&D expenses due to increased personnel and material costs[6]. Business Expansion and Expenses - The company is expanding its business layout and enhancing brand influence through participation in forums, industry exhibitions, and technical exchanges, resulting in increased management and sales expenses[6]. - Employee incentive programs have been implemented, leading to an increase in expenses due to recognized share-based payment costs[6].
舜禹股份(301519) - 2024 Q4 - 年度业绩预告