INVT(SZ:002334)2024-07-10 10:44Financial Performance - The company's net profit attributable to shareholders is expected to be between 95 million and 115 million CNY, representing a decline of 57.14% to 48.11% compared to the same period last year, where it was 221.63 million CNY [5]. - The net profit after deducting non-recurring gains and losses is expected to be between 105 million and 125 million CNY, reflecting a decrease of 45.78% to 35.45% compared to the previous year's profit of 193.65 million CNY [5]. - The basic earnings per share are projected to be between 0.12 CNY and 0.14 CNY, down from 0.28 CNY in the same period last year [5]. Revenue and Business Performance - The operating revenue for the reporting period is 2.114 billion CNY, a slight decrease of 91 million CNY compared to the same period last year, primarily due to a decline of 114 million CNY in the photovoltaic energy storage business [6]. - The decline in net profit is attributed to intensified competition in the photovoltaic energy storage market, leading to a significant drop in product sales prices, resulting in a decrease of approximately 37 million CNY [7]. Expenses and Provisions - Increased investment in research and development and sales has led to a rise in period expenses, contributing to a further decline in net profit by approximately 50 million CNY [7]. - The company has provisioned approximately 24 million CNY for tax and penalties due to discrepancies in customs classification of imported products, which may lead to additional tax liabilities [10].