Sinocat(688737)2025-01-17 11:00Financial Performance - The company expects a net loss attributable to shareholders of the parent company for 2024 to be between -32 million and -26 million CNY, a decrease of 74.32 million to 68.32 million CNY compared to the same period last year [3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -75 million and -67 million CNY, a decrease of 85.35 million to 77.35 million CNY year-on-year [3]. Market Trends - The automotive industry experienced overall sales growth but with a slowing growth rate, leading to intensified market competition, particularly in the commercial vehicle sector [4]. Investment and Expenses - Increased investment in new materials and new energy product R&D, along with higher bank interest expenses, resulted in a significant rise in period expenses compared to the previous year [5]. Product Achievements - The company achieved sales of over 1 million sets of gasoline vehicle exhaust purification catalysts and entered the supply chain of a joint venture brand for the first time [7]. - The company’s energy storage products received EU CE certification, and significant revenue growth was achieved in both domestic and international markets [7]. Project Development - The complex high-performance composite materials project has completed the construction of the prepreg pilot line and is in the process of building a manufacturing base, expected to be operational by the end of 2025 [8].