TONGWEI CO.,LTD(600438)2025-01-17 11:35Financial Performance Expectations - The company expects a net profit attributable to shareholders of approximately -7 billion to -7.5 billion yuan for the year 2024, indicating a loss compared to the previous year[4]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, is also projected to be around -7 billion to -7.5 billion yuan for 2024[5]. - In the previous year, the net profit attributable to shareholders was 13.574 billion yuan, and the net profit after excluding non-recurring gains and losses was 13.613 billion yuan[6]. - The basic earnings per share for the previous year were 3.0151 yuan[6]. Market Conditions and Challenges - The main reason for the expected loss in 2024 is the significant decline in market prices across the photovoltaic industry chain, which has fallen below industry cash costs, along with approximately 1 billion yuan in long-term asset impairment[8]. - The company has noted that the photovoltaic industry chain prices have begun to stabilize or slightly recover according to recent industry reports[8]. Operational Performance and Strategy - Despite the challenges, the company maintained positive operating cash flow and saw steady growth in sales of high-purity silicon, solar cells, and modules[8]. - The company aims to strengthen its competitive advantages in technology, cost, quality, and brand within the photovoltaic industry[8]. - The company is committed to its long-term strategic goal of becoming a world-class clean energy operator and contributing to global carbon neutrality efforts[8]. Forecast Accuracy - There are no significant uncertainties affecting the accuracy of this earnings forecast[9].