Wuhan Lin(SH:688667)2025-01-17 10:30Financial Performance - The company expects a net profit attributable to shareholders for 2024 to be between 12 million and 17 million yuan, a decrease of 32.13 million to 37.13 million yuan compared to the previous year, representing a year-on-year decline of 65.40% to 75.58%[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 3.56 million and 8.56 million yuan, down by 24.90 million to 29.90 million yuan from the previous year, reflecting a year-on-year decrease of 74.42% to 89.36%[2] - In 2023, the total profit was 40.23 million yuan, with a net profit attributable to shareholders of 49.13 million yuan, and a net profit of 33.46 million yuan after deducting non-recurring gains and losses[3] Market Conditions - The decline in net profit is primarily attributed to a decrease in demand in the commercial vehicle market, leading to a drop in sales of high-margin commercial vehicle EMS business[4] - The competitive landscape in the passenger vehicle EMS and new energy-related businesses has intensified, resulting in lower product gross margins and limited contribution from the rapidly growing passenger EMS and new energy businesses[4] - The company experienced a reduction in government subsidies related to revenue during the reporting period, further impacting net profit[4] Audit and Reporting - The preliminary financial data provided is subject to final audit and may differ from the officially disclosed audited annual report for 2024[7]