Financial Performance - The company expects a net loss of between 260 million and 338 million CNY for the fiscal year 2024, compared to a profit of 436.52 million CNY in the same period last year[5]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 180 million to 260 million CNY, down from a profit of 275.48 million CNY in the previous year[5]. Market Conditions - The decline in performance is attributed to increased competition and a more than 30% drop in average processing fees in the polyester bottle chip industry[7]. - Despite stable production and sales volumes, the company's processing fees have decreased due to market conditions, leading to a significant drop in gross profit and gross margin[7]. Strategic Initiatives - The company is expanding overseas marketing channels to enhance sales breadth and is accelerating the MEG project to extend its industrial chain[7]. - The company is increasing investment in R&D and building its R&D team to strengthen its core competitiveness during the industry downturn[7]. - The company is enhancing cash reserves and ensuring liquidity through various financing methods to safely navigate the industry's bottom cycle[7]. Financial Reporting - The financial data in the earnings forecast is preliminary and has not been audited by the accounting firm, with final figures to be disclosed in the 2024 annual report[8].
万凯新材(301216) - 2024 Q4 - 年度业绩预告