Zhejiang Tiantie Industry (300587)2025-01-24 10:52Financial Performance Outlook - The company expects a net profit attributable to shareholders of between 11 million and 15 million yuan for 2024, a significant recovery from a loss of 65.36 million yuan in the same period last year[2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of between 37.47 million and 41.47 million yuan, compared to a loss of 62.71 million yuan in the previous year[2]. - The estimated impact of non-recurring gains and losses on the company's net profit is approximately 52.47 million yuan[5]. Performance Improvement Factors - The main reason for the turnaround in performance is the increase in revenue from the vibration reduction business, driven by market demand and improved operational efficiency[4]. - The company has implemented cost control measures, including strengthening internal functions and establishing a strategic supplier network, which contributed to the improved financial performance[4]. - The company is focused on optimizing its operational system and enhancing cash collection efforts to improve financial stability[4]. Market Conditions - The lithium product market prices are expected to continue declining in 2024, but the decrease will be less than in 2023, mitigating the impact on the company's performance[5]. Financial Reporting and Risks - The financial data presented is preliminary and will be detailed in the company's 2024 annual report[6]. - The company has communicated with its accounting firm regarding the performance forecast, and there are no significant discrepancies[3]. - Investors are advised to pay attention to investment risks as the financial data is subject to change[6].