Genew(688418)2025-01-24 11:55Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 23 million and 33 million CNY, marking a turnaround from a loss of 89.66 million CNY in the previous year, an increase of 109.56 million to 119.56 million CNY year-on-year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 8 million and 12 million CNY, also indicating a turnaround from a loss of 92.77 million CNY in the previous year, an increase of 100.77 million to 110.77 million CNY year-on-year [3]. - The company reported a total profit of -91.95 million CNY and a net profit attributable to shareholders of -86.56 million CNY in the previous year [4]. Market Development - The company has strengthened its market development in both domestic and international communication markets, leading to a certain increase in sales revenue [6]. R&D and Innovation - Continuous R&D investment and technological innovation have enhanced the competitiveness of the company's products, resulting in a year-on-year increase in overall gross margin [6]. Financial Management - The company has improved its collection of accounts receivable, leading to a significant reduction in expected credit losses compared to the previous year [6]. Non-Recurring Gains - Government subsidies and gains from equity disposals have increased, contributing to a substantial rise in non-recurring gains compared to the previous year [6]. Forecast and Risks - The performance forecast is based on preliminary calculations by the company's finance department and has not yet been audited by registered accountants [7]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the release of the audited annual report [8].