AMD(002623)2025-01-24 10:25Financial Performance Expectations - The company expects a net loss of between 120 million and 150 million yuan for the fiscal year 2024, compared to a profit of 83.51 million yuan in the same period last year, representing a decline of 243.70% to 279.62%[3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of between 150 million and 180 million yuan, down from a profit of 26.30 million yuan last year, indicating a decrease of 670.43% to 784.51%[3]. - Basic earnings per share are expected to be a loss of between 0.62 yuan and 0.78 yuan, compared to earnings of 0.43 yuan per share in the previous year[3]. Market Conditions and Challenges - The decline in performance is attributed to intensified competition in the photovoltaic glass business, leading to a significant drop in product prices and a decrease in gross profit margins[5]. - The company has experienced increased uncertainty in demand, resulting in extended accounts receivable periods and higher difficulty in collection, prompting an increase in bad debt provisions[5]. Financial Reporting - The financial data presented is preliminary and has not been audited by an external accounting firm, with final figures to be disclosed in the 2024 annual report[6].