LNGF(002717)2025-01-22 12:20Financial Performance Expectations - The company expects a net loss for 2024, estimated between CNY 90 million and CNY 135 million, compared to a loss of CNY 109.6 million in the same period last year[3]. - The expected loss after deducting non-recurring gains and losses is projected to be between CNY 97 million and CNY 142 million, compared to a loss of CNY 107.5 million last year[3]. - Basic earnings per share are anticipated to be between CNY -0.51 and CNY -0.77, compared to a loss of CNY 0.67 per share in the previous year[3]. Revenue and Operational Challenges - The significant loss is primarily due to a substantial decline in operating revenue, attributed to reduced investment from owners and a decrease in new orders[5]. - The company faced extended project settlement cycles and delayed accounts receivable collections due to financial difficulties of some owners[5]. Financial Expenses and Provisions - Financial expenses remain high due to large financing scales and interest payments, compounded by penalties and default fees from overdue debts[6]. - The company has increased impairment provisions due to underperformance of subsidiaries and delayed collections on accounts receivable[6]. Non-Recurring Gains and Reporting - Non-recurring gains are expected to be significant due to the bankruptcy restructuring of a subsidiary, which will no longer be included in the consolidated financial statements[6]. - The performance forecast is based on preliminary estimates and has not been audited, with final figures to be confirmed in the annual report[7].