Ningbo Solartron Technology (SH:688299)2025-01-17 10:10Financial Performance Forecast - The company expects a net profit attributable to shareholders of approximately CNY 20.05 million to CNY 23.94 million for 2024, a decrease of CNY 71.48 million to CNY 75.37 million compared to the previous year, representing a year-on-year decline of 74.91% to 78.99%[4] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be CNY 1.08 million to CNY 3.98 million, a decrease of CNY 52.88 million to CNY 55.77 million compared to the previous year, indicating a year-on-year decline of 93.01% to 98.09%[4] - The previous year's revenue was CNY 1,253.34 million, with a net profit of CNY 95.42 million attributable to shareholders[6] Reasons for Decline - The decline in net profit is primarily due to increased management and financial expenses, particularly from the Hefei subsidiary, and a significant reduction in various subsidies received in 2024 compared to the previous year[8] - The company's main product, reflective film, remains stable, but other projects like separators are still in the capacity ramp-up and construction phase, leading to substantial losses[8] Audit and Disclosure - The performance forecast has not been audited by a registered accountant, and the company has not identified any uncertainties that could affect the accuracy of the forecast[9] - Investors are advised that the forecast data is preliminary and the final audited financial data will be disclosed in the 2024 annual report[10]