WAZAM(603186)2025-01-21 07:55Financial Performance - The company expects a net profit attributable to shareholders for 2024 to be between -110 million and -80 million CNY, representing a reduction in losses of approximately 10.52 million to 40.52 million CNY compared to the previous year[4]. - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -134 million and -104 million CNY[4]. - The previous year's net profit attributable to shareholders was -120.52 million CNY, with a total profit of -157.07 million CNY[6]. Operational Challenges - The company’s subsidiary, Zhejiang Huazheng Energy Materials Co., Ltd., has been operating at significantly lower capacity utilization than designed, with a gross margin consistently exceeding -50%[7]. - Financial and other expenses have increased following the launch of new production lines, leading to profits not meeting expectations[7]. - The company has indicated that impairment provisions will be made due to significant impairment signs in equipment, construction in progress, and inventory[7]. Market and Sales - The company has been actively expanding its market in the copper-clad laminate business, resulting in continuous sales growth despite significant market fluctuations[7]. Forecast and Risks - The performance forecast is based on preliminary calculations by the company's finance department and has not yet been audited[8]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the release of the audited annual report[9].