Zhejiang Three Stars New Materials (SH:603578)2025-01-17 11:05Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -72.5 million and -36.5 million RMB, indicating a loss compared to the previous year [3]. - The projected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is expected to be between -84.8 million and -48.8 million RMB [5]. - In the previous year, the total profit was 121.13 million RMB, and the net profit attributable to shareholders of the parent company was 116.02 million RMB [7][8]. Business Development - The company’s low-temperature storage equipment glass door business continues to develop steadily, maintaining stable profitability, contributing to overall revenue growth [11]. - The company aims to enhance competitiveness in the photovoltaic glass business and improve risk resistance against industry price fluctuations [11]. Industry Challenges - The photovoltaic industry is experiencing a slowdown, with product prices showing a downward trend, which negatively impacts the gross margin and net profit of the photovoltaic glass business [11]. - The financial and management expenses have significantly increased due to substantial investments in the photovoltaic glass project by the subsidiary Guohua Jintai [11]. Asset Management - The company plans to make impairment provisions for certain assets showing signs of impairment, with specific amounts to be disclosed in the audited annual report [11]. Earnings Forecast - There are currently no major uncertainties affecting the accuracy of this earnings forecast [12]. - The projected earnings data is preliminary and subject to final confirmation in the official 2024 annual report [14].