Daqo Energy(688303)2025-01-17 12:20Financial Performance Forecast - The company expects a net loss attributable to shareholders of the parent company for 2024 to be between CNY 260 million and CNY 310 million, compared to a net profit of CNY 576.27 million in the same period last year [5][8]. - The expected net loss attributable to shareholders after deducting non-recurring gains and losses is projected to be between CNY 255 million and CNY 305 million [5][7]. - The total profit for the previous year was CNY 686.94 million, with a net profit attributable to shareholders of CNY 576.27 million [8]. Market Conditions - The decline in performance is primarily due to a mismatch in supply and demand in the domestic polysilicon market, leading to a significant drop in product prices [10]. - The company has recognized asset impairment losses due to the continuous decline in polysilicon product prices, impacting the current year's performance [11]. Financial Health and Strategy - The company has maintained a healthy financial status with ample cash reserves, which provides a solid foundation to withstand industry cyclical fluctuations [10]. - The company plans to enhance cost reduction, efficiency improvement, and quality enhancement through continuous technological innovation in 2025 [11]. - The company aims to diversify its supply chain and sales channels to stimulate new productive forces and improve operational performance [11]. Forecast Reliability - The performance forecast has not been audited by registered accountants, and the company assures that there are no significant uncertainties affecting the accuracy of the forecast [12]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the release of the audited annual report [13].