Biwin Storage Technology (688525)2025-01-23 10:50Financial Projections - The company expects to achieve operating revenue of between 650 million and 700 million yuan in 2024, an increase of 290.92 million to 340.92 million yuan, representing a year-on-year growth of 81.02% to 94.95%[3] - The projected net profit attributable to the parent company for 2024 is between 160 million and 200 million yuan, an increase of 784.36 million to 824.36 million yuan, reflecting a year-on-year growth of 125.63% to 132.03%[3] - The net profit attributable to the parent company, excluding non-recurring gains and losses, is expected to be between 65 million and 90 million yuan, an increase of 706.76 million to 731.76 million yuan, indicating a year-on-year growth of 110.13% to 114.02%[4] - The company reported a total profit of -742.03 million yuan for 2023, with an operating revenue of 3.59 billion yuan[5] - Non-recurring gains and losses are expected to impact net profit by approximately 95 million to 110 million yuan, primarily from investment income and government subsidies[8] Research and Development - The company has significantly increased its R&D investment, with an estimated R&D expense of approximately 450 million yuan in 2024, representing a year-on-year increase of about 80%[7] Competitive Advantage - The company has established a differentiated competitive advantage in the smart wearable sector, with expected revenue of around 800 million yuan from smart wearable storage products in 2024, showing significant growth[7] Performance Forecast - The company emphasizes that the performance forecast is based on preliminary calculations and has not been audited by an accounting firm, urging investors to be cautious[9] - The company has not identified any significant uncertainties that could materially affect the accuracy of this performance forecast[9] Share-Based Payment - The company anticipates a substantial reduction in share-based payment expenses in 2025, estimated at approximately 345.49 million yuan for 2024[7]