Financial Performance - The estimated net profit for 2024 is projected to be a loss of between 29,000 and 35,500 million RMB, compared to a profit of 4,050.02 million RMB in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is expected to be a loss of between 30,000 and 36,700 million RMB, down from a profit of 669.15 million RMB in the previous year [3]. Industry Challenges - The company is facing increased losses due to adverse impacts from the deep adjustment in the photovoltaic industry and price fluctuations in the overseas renewable energy market [5]. - Credit impairment provisions have increased significantly due to the restructuring of a major client, resulting in overdue payments [5]. - The average selling price of the glass cover business has declined, resulting in a year-on-year decrease in gross margin due to intensified industry competition [6]. Investment and Subsidiaries - The establishment of new wholly-owned subsidiaries has led to substantial investment, contributing to the current losses, with one subsidiary already in production and another expected to start in March 2025 [6]. Audit and Financial Data - The financial data in the earnings forecast has not been audited, and the company has communicated with the auditing firm without major disagreements [4].
信濠光电(301051) - 2024 Q4 - 年度业绩预告