Loongson Technology(688047)2025-01-17 11:35Revenue Projections - The company expects to achieve an annual revenue of approximately 506 million yuan in 2024, which is roughly flat compared to the previous year[3]. - In 2023, the company reported an annual revenue of 505.69 million yuan and a net profit attributable to the parent company of -329.44 million yuan[4]. Profit Forecasts - The projected net profit attributable to the parent company for 2024 is around -619 million yuan, a decrease of approximately 28.96 million yuan or 87.89% year-over-year[3]. - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be about -655 million yuan, reflecting a year-over-year decline of approximately 21.31 million yuan or 48.24%[3]. Revenue Composition - The company has seen a significant increase in revenue from chip products, while revenue from solution-based services has declined substantially due to a strategic shift[5]. Cost and Margin Analysis - The gross profit margin has slightly decreased due to high costs associated with early shipments of bridge chips and the impact of fixed cost allocation[6]. Asset Impairment and Market Conditions - The company has experienced a significant increase in asset impairment losses, expected to exceed 200 million yuan, primarily due to macroeconomic pressures[6]. - The company anticipates that previously recognized inventory impairments may not have a substantial impact on operations as the traditional industrial control market gradually recovers[6]. Financial Reporting and Investor Advisory - The financial data presented is preliminary and has not been audited by registered accountants, with the final figures to be disclosed in the audited annual report[8]. - Investors are advised to be cautious regarding investment risks as the forecast data is based on preliminary calculations[8].