NWM(SH:603700)2025-01-16 08:10Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 46 million and 54 million yuan, a decrease of 77.26 million to 85.26 million yuan compared to the previous year, representing a year-on-year decline of 58.86% to 64.96%[4] - The net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is expected to be between 33 million and 41 million yuan, a decrease of 78.94 million to 86.94 million yuan compared to the previous year, reflecting a year-on-year decline of 65.82% to 72.49%[5] - The total profit for the previous year was 146.40 million yuan, with a net profit attributable to shareholders of the parent company of 131.26 million yuan, and a net profit after deducting non-recurring gains and losses of 119.95 million yuan[6] - The performance forecast has not been audited by a registered accountant, and the company assures that there are no significant uncertainties affecting the accuracy of the forecast[8] - The forecast data is preliminary and the final financial data will be disclosed in the audited annual report for 2024[9] Market Challenges - The decline in performance is primarily due to reduced demand in the meter industry, influenced by government investment intensity and infrastructure construction, as well as delays in bidding processes in some regions[7] - The meter industry is experiencing challenges from both weak new market growth and intense competition in the existing market, leading to price declines and squeezed product profits[7] - The company faces pressure on the supply chain and cost side, with significant fluctuations in key raw material prices, such as copper, which have compressed profit margins[7] - The company has increased its bad debt provisions due to extended collection periods for some receivables, while also investing in user experience and service support, resulting in increased related expenses[7]