On January 21, Gelonghui reported that Shanghai Yanhua Smartech Group (002178.SZ) announced its earnings forecast for 2024. The net income attributable to shareholders of the listed company is expected to be a loss of 12 million to 24 million yuan, compared to a profit of 22.5064 million yuan in the same period last year; the net income after deducting non-recurring gains and losses is expected to be a loss of 41 million to 53 million yuan, compared to a loss of 20.5922 million yuan in the same period last year; revenue is expected to be between 0.52 billion and 0.62 billion yuan, and after deduction, revenue is expected to be between 0.51 billion and 0.61 billion yuan; basic EPS is expected to be a loss of 0.0169 yuan/share to 0.0337 yuan/share.
In 2024, affected by the macroeconomic environment and industry market factors, some customers are tightening budgets, business output in certain regions is slow, newly awarded projects have yet to generate significant value, and clients are delayed in confirming project settlement and payment progress with the company, leading to a year-on-year decrease in the company's revenue and gross profit; at the same time, based on the principle of caution, the company has made provision for impairment losses on various assets that may incur such losses, including inventory, accounts receivable, other receivables, contract assets, and long-term equity investments. Due to the above factors, it is expected that 2024 will result in a loss.
In 2024, the expected impact of non-recurring gains and losses on net income is approximately 29 million yuan, mainly due to changes in the fair value of derivative financial instruments, individual reversals of accounts receivable and contract assets, investment income from held financial assets, government subsidies, etc., with changes in the fair value of derivative financial instruments amounting to approximately 19 million yuan.
