FFEC(600203)2025-01-16 09:34Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be -330 million RMB, and a net profit after deducting non-recurring gains and losses to be -388 million RMB[2][4]. - In the same period last year, the net profit attributable to shareholders was -286.32 million RMB, and the net profit after deducting non-recurring gains and losses was -308.68 million RMB[7]. - The basic earnings per share for the previous year was -0.4828 RMB per share[8]. Profitability Challenges - The decline in profitability is attributed to increased competition in the consumer electronics industry and rising costs of key components, leading to a decrease in gross margins[9]. - The company plans to recognize impairment losses on inventory, receivables, and goodwill totaling approximately 158 million RMB for 2024[9]. Non-Operating Income - Non-operating income includes approximately 28 million RMB in government subsidies and 29 million RMB from litigation settlements for 2024[10]. Research and Development - The company is accelerating the research and development of new products and technologies, which are currently in the investment phase and have not yet generated significant revenue[9]. Accounting Practices and Risks - The performance forecast is based on preliminary calculations by the finance department and has not been audited by external auditors[12][14]. - The company emphasizes the importance of cautious accounting practices in light of potential asset impairments[9]. - Investors are advised to pay attention to investment risks as the financial data is subject to change upon the release of the official annual report[14].