CTFO announced that it expects a net loss attributable to shareholders of the listed company for the year 2024 to be between RMB 1.03 billion and RMB 1.28 billion, compared to a profit of RMB 542 million in the same period last year; the net loss after deducting non-recurring gains and losses is expected to be between RMB 950 million and RMB 1.15 billion, compared to a profit of RMB 277 million in the same period last year; the basic earnings per share are expected to be a loss of RMB 0.65 to RMB 0.81 per share, compared to a profit of RMB 0.35 per share in the same period last year