TBEA(600089)2025-01-17 11:35Financial Performance - The company expects a net profit attributable to shareholders of 3.9 billion to 4.3 billion yuan for 2024, a decrease of 59.81% to 63.55% compared to the previous year[3]. - The net profit excluding non-recurring gains and losses is projected to be 3.6 billion to 4.1 billion yuan, reflecting a decline of 60.58% to 65.38% year-on-year[4]. - In 2023, the company achieved a total profit of 16.9 billion yuan and a net profit of 10.7 billion yuan attributable to shareholders[5]. - The significant profit reduction is primarily due to the sharp decline in polysilicon prices and decreased coal sales prices, leading to substantial losses in the polysilicon business[6]. - The company has made a provision for impairment of fixed assets related to polysilicon and its by-products amounting to 1.474 billion yuan[6]. Strategic Initiatives - The company plans to enhance innovation, quality, cost reduction, and efficiency measures to promote sustainable high-quality development in 2025[8]. - The company aims to strengthen its core competitiveness in the high-end equipment manufacturing sector by increasing R&D investment and expanding domestic and international markets[8]. - Despite the current downturn in the photovoltaic industry, the company believes in the long-term trend of renewable energy replacing fossil fuels[8]. - The company will continue to leverage its coal resource advantages to enhance coal and electricity supply capabilities and extend the coal conversion industry chain[9]. Investment Risks - Investors are advised to pay attention to investment risks associated with the company's performance outlook[9].