TIANJINJINRAN issued a profit warning, expecting an annual comprehensive loss attributable to shareholders of the parent company of approximately 46 million yuan
TIANJINJINRAN announced a profit warning, expecting a consolidated loss attributable to the parent company's shareholders of approximately 46 million yuan for the fiscal year 2024, a decrease from the 155 million yuan loss in the fiscal year 2023. The reasons for the reduction in loss include the non-recurrence of the 87 million yuan fixed asset impairment provision made in the fiscal year 2023, as well as a decrease in gas intake prices due to falling international natural gas prices
According to the announcement from Tianjin Jinran Public Utilities (01265), the group expects to incur a consolidated loss attributable to the shareholders of the parent company of approximately RMB 46 million for the fiscal year 2024 (compared to a consolidated loss of approximately RMB 155 million attributable to the shareholders of the parent company for the fiscal year 2023 ending December 31, 2023). One reason for the above change is that in the fiscal year 2023, the company made an impairment provision of approximately RMB 87 million for fixed assets, while it is expected that no such impairment provision will be made in the fiscal year 2024. Excluding the impact of the above impairment, the improvement in operating performance is attributed to (including) the decrease in the incoming gas price of the company due to the decline in international natural gas prices, which led to a decrease in the incoming price from upstream gas supply units
