Qingdao Gaoce(688556)2025-01-24 09:30Financial Performance - The company expects a net loss attributable to shareholders of between -74 million and -37 million RMB for the fiscal year 2024, compared to a net profit of 1,461.12 million RMB in the previous year[4][6][8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -136 million and -99 million RMB for 2024[4][6]. - The total profit for the previous year was 1,648.95 million RMB, with a net profit of 1,461.12 million RMB attributable to shareholders[7][8]. - The company has increased impairment provisions based on prudence principles, contributing to the expected losses for the reporting period[8]. Sales and Market Position - The company has seen a significant decline in sales revenue and gross margin for its diamond wire and silicon wafer cutting services due to a substantial drop in product prices and overall industry operating rates[8]. - The company has maintained its leading position in the photovoltaic equipment sector, with steady growth in diamond wire shipments and market share[8]. - The company has successfully expanded its cutting services into stone cutting scenarios, demonstrating versatility in its business operations[8]. Future Outlook and Strategy - The company plans to increase R&D investment to enhance specialized cutting technology and improve product competitiveness, aiming to restore profitability[9]. - The company emphasizes that the forecast data is preliminary and subject to change pending the audited annual report[11]. - There are currently no significant uncertainties affecting the accuracy of the performance forecast[10].