YINYI(000981)2025-01-24 15:10Financial Performance - The company expects a net loss for the fiscal year 2024, estimated between 980 million to 1.49 billion CNY, compared to a loss of 2.05674 billion CNY in the previous year, indicating a reduction in losses by 28% to 52%[2] - The basic earnings per share are projected to be a loss of 0.10 to 0.15 CNY per share, compared to a loss of 0.21 CNY per share in the previous year[2] - The real estate segment of the company is also reporting losses, affecting overall financial performance[5] Sector-Specific Challenges - The automotive parts sector continues to face significant interest expenses due to historical debts, impacting overall profitability[5] - The mixed-power dual-clutch transmission project has not yet reached breakeven due to rising costs of raw materials, labor, and logistics, resulting in substantial investment losses[5] - The European automotive parts segment has incurred losses, leading to impairment testing and preparation for asset impairment provisions[5] - The new energy logistics vehicle segment has entered mass production but is still in the early stages, contributing to losses due to prior R&D expenditures[5] Non-Operating Factors - Non-operating gains and losses include impacts from real estate divestitures, asset sales, government subsidies, and changes in fair value[5] - The financial data presented is preliminary and will be detailed in the company's 2024 annual report, highlighting the need for investors to be aware of investment risks[6]