全信股份(300447) - 2024 Q4 - 年度业绩预告

Profit Projections - The estimated net profit for 2024 is projected to be between 18 million to 26 million yuan, representing a decline of 80.53% to 86.52% compared to the previous year's profit of 133.52 million yuan [3]. - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 16 million to 24 million yuan, reflecting a decrease of 80.94% to 87.29% from the previous year's profit of 125.92 million yuan [3]. Factors Affecting Profit - The decline in profit is attributed to industry cycle fluctuations and reduced demand from client units, leading to decreased revenue from military products compared to the previous year [5]. - Price reductions requested by clients have resulted in lower settlement prices for some mass-produced products, causing a decline in product gross margins [6]. - Despite significant growth in civilian product business, its small scale has not provided substantial support to overall performance [6]. - The company continues to invest in innovation and R&D, although increased fixed costs from prior capacity expansions have impacted profitability [6]. Financial Reporting and Investor Guidance - The financial data in this earnings forecast has not been audited by registered accountants, and the final figures will be confirmed in the official 2024 annual report [4][8]. - The company advises investors to make cautious decisions and be aware of investment risks due to the preliminary nature of the earnings forecast [8].