CHSR announced that it expects a net loss attributable to shareholders of the listed company of RMB 500 million to RMB 650 million for the period from January 1, 2024, to December 31, 2024, compared to a loss of RMB 828 million in the same period last year; the net loss after deducting non-recurring gains and losses is expected to be RMB 650 million to RMB 800 million, compared to a loss of RMB 842 million in the same period last year; the basic earnings per share loss is expected to be RMB 0.1841 to RMB 0.2393, compared to a loss of RMB 0.3117 in the same period last year. The company's performance loss in 2024 is mainly affected by the construction progress of rail transit projects, the business cycle itself, and the company's proactive reduction of inefficient business scale, and it is also expected to make impairment provisions of approximately RMB 500 million