Shanghai Jahwa(600315)2025-03-17 07:50Financial Performance - The total operating revenue for 2024 was RMB 567.85 million, a decrease of 13.93% compared to the previous year[3] - The net profit attributable to shareholders was -RMB 80.37 million, representing a decline of 260.72% year-on-year[3] - Basic earnings per share decreased to -RMB 1.20, down 260.00% from RMB 0.75 in the previous year[3] - Total assets at the end of the reporting period were RMB 1,005.62 million, a decrease of 14.27% from the beginning of the period[3] - The weighted average return on net assets was -11.15%, a decrease of 17.82 percentage points compared to the previous year[3] Impairment and Strategic Adjustments - The company recognized goodwill impairment of approximately RMB 613 million due to adverse impacts from low birth rates and intensified competition in the overseas market[4] - The company implemented strategic adjustments that negatively impacted current revenue and profit, including inventory reduction in department stores and changes in sales structure[5] Future Outlook and Strategy - The company plans to focus on core brands, brand building, online presence, and operational efficiency as part of its strategic transformation[4] - The fair value of financial assets significantly decreased during the reporting period, contributing to reduced investment income[5] - The company anticipates that the final net profit attributable to shareholders for 2024 will not differ significantly from the disclosed figures[7]