Shenzhen Xinyuren Technology (SH:688573)2025-01-17 09:05Revenue Projections - The company expects 2024 annual revenue to be between 610 million and 680 million yuan, representing a year-on-year growth of 2.76% to 14.55%[3]. - The previous year's revenue was 593.62 million yuan, with a total profit of 55.39 million yuan[4]. Profit Expectations - The projected net loss attributable to shareholders for 2024 is between 75 million and 55 million yuan, indicating a significant decline compared to the previous year's profit of 58.35 million yuan[3][4]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 is between 80 million and 60 million yuan[3]. Gross Profit and Margin - The company has experienced a decline in overall gross profit and gross profit margin due to changes in product structure, despite revenue growth[5]. Market Competition and Pricing - Intense market competition has led to a decrease in product prices in the second half of the year, resulting in increased asset impairment losses due to inventory write-downs[6]. Customer Payment Issues - Difficulties in customer payments due to industry downturn have led to a significant increase in bad debt provisions for accounts receivable compared to the previous year[6]. - The company is actively communicating with clients to improve collection efficiency and ensure timely payments[6]. Financial Reporting - The financial data provided is preliminary and has not been audited by an accounting firm, with the final figures to be disclosed in the audited annual report[8].