SAFETY(603028)2025-01-17 10:10Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -194.52 million and -129.68 million RMB, indicating a loss compared to the previous year[3]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -186.60 million and -124.40 million RMB[3]. - In the previous year, the net profit attributable to shareholders of the parent company was 31.83 million RMB, and the net profit after deducting non-recurring gains and losses was 8.37 million RMB[5]. - The forecasted performance is based on preliminary calculations by the company's finance department and has not been audited by an accounting firm[7]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and the accurate financial data will be disclosed in the audited annual report for 2024[8]. Operational Challenges - The company faces challenges due to overall supply-demand mismatches in the photovoltaic industry, intensified market competition, and continuous price declines, leading to increased sales without corresponding revenue growth[6]. - The company plans to implement cost reduction and efficiency enhancement measures, as well as diversify supply chain and sales channels to improve sales and profitability[6]. Asset Impairment - The company is conducting impairment tests on relevant assets and plans to recognize inventory write-downs and asset impairment provisions, which are expected to significantly impact the current period's performance[6]. - The company is currently undergoing asset impairment testing, and the final amounts for goodwill impairment and asset impairment provisions will depend on the results of the audit and assessment[7]. Production Capacity - The company has achieved a 5GW TOPCon battery production capacity in its photovoltaic new energy business, with product efficiency and quality reaching industry-leading levels, resulting in a year-on-year increase in battery sales[6].