Zhejiang Meida(002677)2025-01-27 11:40Financial Performance Forecast - The estimated net profit for 2024 is projected to be between 106 million and 120 million CNY, representing a decline of 74.15% to 77.17% compared to the previous year's profit of 464.29 million CNY[2] - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 105 million and 119 million CNY, a decrease of 72.71% to 75.92% from last year's 435.98 million CNY[2] - The basic earnings per share is projected to be between 0.16 CNY and 0.19 CNY, down from 0.72 CNY in the previous year[2] - The performance forecast has not been audited by registered accountants, and the final figures will be disclosed in the 2024 annual report[3][6] - The company emphasizes the importance of cautious decision-making for investors due to the preliminary nature of the performance forecast[6] Factors Affecting Performance - The decline in performance is attributed to a slowdown in market demand for integrated stoves, weakened consumer spending, and intensified competition[4] - The performance decline reflects broader challenges in the real estate market and consumer behavior trends[4] Strategic Initiatives - The company plans to enhance market development and accelerate product research and innovation to improve profitability[5] - The company aims to strengthen lean management and continuously improve its product line to enhance operational efficiency[5] - Increased market investment and support have led to a rise in expense ratios during the period[4]