振华新材(688707) - 2024 Q4 - 年度业绩预告

Financial Performance Outlook - The company expects a net profit loss for 2024, estimated between -600 million and -500 million CNY, compared to a net profit of 102.68 million CNY in the previous year[2][3]. - The net profit after deducting non-recurring gains and losses is projected to be between -606.72 million and -506.72 million CNY[2]. - The previous year's net profit after deducting non-recurring gains and losses was 97.71 million CNY[3]. Factors Affecting Performance - The decline in performance is attributed to increased competition in the automotive industry, leading to a significant drop in product sales and low capacity utilization[5]. - The company faced increased costs and losses due to low sales volume and a mismatch in the timing of raw material procurement and product pricing[5]. Product Strategy - The company's main products are ternary materials, with a shift towards 6-series materials due to their cost-performance advantages, replacing 5-series materials[5]. Forecast Accuracy - The company has not identified any significant uncertainties affecting the accuracy of the performance forecast[6]. - The financial data provided is preliminary and subject to change upon the release of the audited annual report[7].