HONGYUAN ELECTRONICS(SH:603267)2025-01-17 09:05Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 132 million to 152 million CNY, representing a decrease of 120.33 million to 140.33 million CNY, or a decline of 44.19% to 51.53% compared to the previous year [3]. - The expected net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 82 million to 102 million CNY, a decrease of 163.60 million to 183.60 million CNY, or a decline of 61.60% to 69.13% year-over-year [4]. - The previous year's net profit attributable to shareholders of the parent company was 272.33 million CNY, with a total profit of 310.25 million CNY [6]. Factors Affecting Profitability - The company attributes the profit decrease primarily to weakened demand from downstream customers for its core product, high-reliability ceramic capacitors, leading to reduced sales orders and increased cost pressures [8]. - The company has maintained a high level of R&D investment, particularly in new businesses such as microwave modules and micro-nano system integrated ceramic shells, contributing to increased overall operating costs [8]. - The average aging of accounts receivable has increased due to slower customer payment speeds, resulting in higher credit impairment losses compared to the previous year [8]. Forecast and Reporting - The company emphasizes that the forecast data is preliminary and subject to change, with the final figures to be disclosed in the formal 2024 annual report [11].