GREAT MICROWAVE(SH:688270)2025-01-17 10:55Financial Projections - The company expects 2024 annual revenue to be between 290 million and 310 million CNY, an increase of 9.2 million to 29.2 million CNY compared to the previous year, representing a growth of 3.28% to 10.40%[4] - The projected net profit attributable to the parent company for 2024 is between 14.49 million and 19.49 million CNY, a decrease of 52.99 million to 57.99 million CNY compared to the previous year, reflecting a decline of 73.12% to 80.01%[4] - The expected net profit attributable to the parent company after deducting non-recurring gains and losses for 2024 is between -6.85 million and -1.85 million CNY, a decrease of 65.84 million to 70.84 million CNY compared to the previous year, indicating a decline of 102.89% to 110.70%[4] Research and Development - The company has increased its R&D investment significantly to maintain its leading position in specialized industries, particularly in low-orbit commercial satellites and next-generation digital array radar[8] - The company has faced short-term pressure on net profit due to increased R&D expenses and slow sales collection from downstream customers[8] Market Participation and Product Development - The company has actively participated in the domestic satellite internet market, leading to an increase in product shipment volume and sales revenue[7] - The company has developed and launched several new products, with some already entering customer preferred catalogs[7] Financial Management and Support - The company has received increased government subsidies and gains from financial asset disposals compared to the previous year[9] - The company has made provisions for inventory impairment based on market conditions and operational management considerations[8] - The company emphasizes the importance of stable and secure supply chains to support sales growth and product delivery rates[7]