Kanhoo(300340)2025-01-22 13:20Financial Performance Outlook - The company expects a net loss of between 160 million and 200 million yuan for the year 2024, compared to a loss of 519.08 million yuan in the same period last year, indicating a reduction in losses by 61.47% to 69.18%[2]. - The net profit attributable to shareholders is projected to decrease by 60.2% to 52.96%, with a loss of 220 million to 260 million yuan after deducting non-recurring gains and losses, compared to a loss of 552.73 million yuan last year[2]. Factors Affecting Performance - The decline in performance is attributed to intensified industry competition and fluctuations in raw material prices, leading to a decrease in the overall shipment volume of lithium battery cathode materials and manufacturing equipment[4]. Operational Improvements - The company has implemented measures to enhance accounts receivable collection, resulting in increased customer repayments and the reversal of previously recognized losses on accounts receivable[5]. - The company has engaged in lithium carbonate futures hedging to mitigate the adverse effects of declining lithium carbonate prices, thereby improving operational conditions[5]. - Cost reduction and efficiency enhancement measures have been comprehensively implemented across the supply chain, logistics, production, and sales, including optimizing energy supply structures and reducing energy costs[5]. Competitive Strategy - The company has strengthened its core competitive advantages in lithium battery cathode materials and smart equipment, enhancing R&D capabilities and product quality, and has received a national science and technology progress award[5]. - The company aims to meet diverse and refined product demands from customers through differentiated product development strategies, thereby improving profit margins and market pricing power[5]. Financial Reporting and Investor Advisory - The financial data presented is preliminary and unaudited, with detailed and accurate financial information to be disclosed in the 2024 annual report[6]. - Investors are advised to exercise caution and consider investment risks based on the preliminary earnings forecast[6].