HongliZhihui(300219)2025-01-20 10:17Financial Performance - The company expects a net profit attributable to shareholders of approximately 63.5 million to 95 million yuan for the year 2024, representing a decrease of 55.16% compared to the same period last year, where the profit was 211.84 million yuan[3]. - The net profit after deducting non-recurring gains and losses is estimated to be between 41 million to 61 million yuan, down 56.87% from 141.42 million yuan in the previous year[3]. - The company anticipates that non-recurring gains and losses will impact net profit by approximately 28 million yuan, primarily from government subsidies recognized in the current period[6]. Market Challenges - The decline in profit is attributed to intensified competition in the LED industry, price drops in products, and rising costs of raw materials, which have pressured profit margins[5]. Strategic Focus - The company plans to focus on long-term strategic goals, market share expansion, new product development, and promoting high-margin products to enhance profitability[5].