TLC(002466)2025-01-23 13:45Financial Performance Expectations - The company expects a net loss of between 8.2 billion yuan and 7.1 billion yuan for the fiscal year 2024, compared to a profit of 729.73 million yuan in the same period last year[2]. - The basic earnings per share are projected to be a loss of between 5.00 yuan and 4.33 yuan, down from a profit of 4.45 yuan per share in the previous year[2]. - The decline in performance is primarily attributed to a significant drop in lithium product market prices, despite an increase in production and sales volume of lithium compounds and derivatives[4]. - The company anticipates an increase in asset impairment losses for the year due to evaluations of its lithium hydroxide projects[6]. - The strong US dollar has led to increased foreign exchange losses compared to the previous year, affecting overall financial performance[6]. - The investment income from the company's important associate, SQM, is expected to decline significantly due to SQM's anticipated poor performance in 2024[5]. Operational Challenges - The pricing mechanism mismatch between the company's lithium chemical products and the pricing of lithium concentrate from its subsidiary Talison Lithium has contributed to the current financial challenges[4]. - The company is gradually seeing production costs align with the latest procurement prices of lithium concentrate as lower-priced materials are utilized[5]. Audit and Forecasting - The company has communicated with its auditing firm regarding the performance forecast, and there are no significant discrepancies noted as of the announcement date[3]. - The financial data provided in the performance forecast is preliminary and subject to change pending the completion of the annual audit[7].