LYG(600876)2025-01-27 08:30Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between -673 million RMB and -489 million RMB, a decrease compared to the previous year's profit of 394 million RMB [6][7]. - The net profit excluding non-recurring gains and losses is projected to be between -706 million RMB and -522 million RMB, down from 192 million RMB in the previous year [6][7]. - The total profit for the previous year was 501 million RMB [5]. - The basic earnings per share for the previous year were 0.61 RMB [7]. - The performance forecast period is from January 1, 2024, to December 31, 2024 [4]. Factors Affecting Profit - The significant decline in profit is attributed to a sharp drop in the selling prices of key products in the photovoltaic industry, leading to a substantial decrease in gross profit from photovoltaic glass [8]. - The company has recognized a decline in the net realizable value of inventory, resulting in provisions for inventory write-downs [8]. Earnings Forecast Validity - The earnings forecast is based on preliminary calculations and has not been audited by registered accountants [4][10]. - There are no major uncertainties affecting the accuracy of this earnings forecast [9]. - The company emphasizes that the final financial data will be disclosed in the audited annual report for 2024 [10].