Crown Advanced Material (SH:688560)2025-01-17 12:20Revenue Forecast - The company expects 2024 annual revenue to be between 850 million and 870 million CNY, a decrease of 526.28 million to 546.28 million CNY, representing a year-on-year decline of 37.69% to 39.12%[3]. - In 2023, the company's annual revenue was 1.396 billion CNY[4]. Net Loss Projections - The projected net loss attributable to shareholders for 2024 is between 80 million and 60 million CNY, a decrease of 36.12 million to 56.12 million CNY compared to the previous year, indicating a year-on-year increase in loss of 151.30% to 235.07%[3]. - The expected net loss attributable to shareholders after deducting non-recurring gains and losses for 2024 is between 85 million and 65 million CNY, a decrease of 29.14 million to 49.14 million CNY, reflecting a year-on-year decline of 81.24% to 137.00%[3]. - The total profit for 2023 was a loss of 18.59 million CNY, with a net loss attributable to shareholders of 23.88 million CNY[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses in 2023 was a loss of 35.86 million CNY[6]. Market Conditions - The decline in revenue is primarily due to weak demand for solar cell backsheets and intensified market competition, influenced by the iteration of photovoltaic battery technology[7]. - The significant losses in net profit are attributed to changes in supply and demand in the photovoltaic industry, price pressures throughout the supply chain, and intensified market competition, leading to a decline in both volume and price[7]. Forecast Reliability - The performance forecast is based on preliminary calculations by the finance department and has not been audited by registered accountants[8]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the release of the audited annual report[9].