明冠新材(688560) - 2024 Q4 - 年度业绩

Financial Performance - Total revenue for 2024 was CNY 86,387.68 million, a decrease of 38.13% compared to the previous year[3] - Net profit attributable to shareholders was CNY -6,846.86 million, down 186.77% year-on-year[3] - The basic earnings per share were CNY -0.36, a decrease of 200.00% compared to the previous year[3] - The weighted average return on net assets was -2.45%, a decrease of 1.65 percentage points year-on-year[3] Assets and Equity - Total assets at the end of the reporting period were CNY 292,971.75 million, a decrease of 14.00% from the beginning of the period[6] - The company's equity attributable to shareholders decreased by 4.40% to CNY 274,091.96 million[6] Market Dynamics - The decline in revenue was attributed to intensified market competition and continuous price drops in the photovoltaic industry[7] - The company faced significant losses in the solar cell backsheet business due to weak demand and price competition[8] - The solar cell encapsulation film business is in a rapid growth phase but still reported losses due to price competition[8] Sales Performance - Sales volume of solar cell encapsulation films increased by approximately 30%, while sales volume of solar cell backsheets decreased by around 67%[6]