Inovance(300124)2024-07-26 11:58Financial Performance - The company's operating revenue for the reporting period is expected to be between 1,556.36 million and 1,618.62 million CNY, representing a year-on-year growth of 25% to 30%[3] - The net profit attributable to shareholders is projected to be between 197.31 million and 218.08 million CNY, showing a year-on-year change of -5% to 5%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 196.08 million and 214.75 million CNY, with a year-on-year growth of 5% to 15%[3] Revenue Drivers - The significant revenue growth is primarily driven by the rapid increase in revenue from the new energy vehicle business and steady growth in general automation business[5] Profitability and Margins - The overall gross profit margin has decreased due to changes in product revenue structure and intensified market competition[5] - Investment income and fair value changes have declined due to exchange rate fluctuations and decreases in the fair value of equity investments[5] Expense Management - The company has managed to control expenses, with the growth rate of sales, management, and R&D expenses being lower than the revenue growth rate[5] Strategic Focus - The company has been focusing on internationalization, energy management, and digitalization strategies during the reporting period[5] Cautionary Notes - This earnings forecast is based on preliminary estimates by the company's finance department, with detailed financial data to be disclosed in the 2024 semi-annual report[6] - Investors are advised to be cautious and aware of investment risks[6]