QCIOT(688528)2025-01-17 10:00Financial Performance - The company expects 2024 annual revenue to be between 315 million and 325 million CNY, indicating a decline compared to the previous year[4]. - The projected net loss attributable to shareholders for 2024 is estimated to be between 63 million and 73 million CNY, a decrease from the previous year's loss of 59.24 million CNY[4][6]. - The previous year's total profit was a loss of 81.26 million CNY, with a net loss attributable to shareholders of 59.24 million CNY[6]. - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast[11]. - The forecast data is preliminary and subject to change, with final figures to be disclosed in the 2024 annual report[12]. Research and Development - Research and development expenses continue to rise as the company focuses on technology innovation and development in smart city IoT and industrial IoT sectors[9]. - The company maintains a high level of R&D investment as a percentage of revenue[9]. Market Competition and Product Development - Revenue from the IoT smart gas meter segment has declined due to intense market competition, leading to lower sales volume and prices[10]. - The smart sensor business is emerging as a new growth point, with the company entering the supply chains of several well-known automotive clients[10]. - Despite some smart sensor products achieving stable supply, many remain in the research and small-batch trial production stages, resulting in insufficient revenue to cover initial fixed and management costs[10].