CETC Chips(600877)2025-01-16 07:46Financial Performance - The company expects a net profit attributable to shareholders of approximately 55 million to 73 million yuan for 2024, a decrease of about 68.81% to 76.50% compared to the same period last year [3]. - The net profit excluding non-recurring gains and losses is estimated to be around 30 million to 40 million yuan, representing a year-on-year decline of approximately 79.74% to 84.80% [7]. - In the previous year, the total profit was 247.57 million yuan, with a net profit attributable to shareholders of 234.05 million yuan [8]. Market Challenges - The company faces significant market and operational pressures, particularly in traditional market areas such as 5G base stations and consumer electronics, leading to a substantial decline in performance [10]. - The safety electronics sector has seen a significant revenue drop, with a gross profit decrease of about 63 million yuan compared to the previous year [11]. - The sales of the Beidou short message SoC product are expected to be significantly lower than initial growth expectations due to delays in industry access permits for new customer-related mobile phone models [11]. Research and Development - The company has increased its R&D expenses as a percentage of revenue by approximately 5 percentage points compared to the previous year [10]. - The company is focusing on core technology accumulation and new product development despite the challenging market conditions [10]. Credit and Impairment - The company anticipates an increase of approximately 20 million yuan in credit impairment losses due to extended collection periods from customers [13]. Reporting and Forecasting - The performance forecast data is preliminary and has not been audited, with the final figures to be disclosed in the audited annual report [15].