Unionman Technology (SH:688609)2025-01-17 12:20Revenue Expectations - The company expects to achieve an annual revenue of approximately CNY 2,562.54 million in 2024, an increase of about CNY 391.72 million, representing a year-on-year growth of 18.04%[4]. - The increase in revenue is primarily due to the company's new smart home gateway product winning bids and the delivery of smart energy photovoltaic projects and smart city projects[6]. Net Loss Projections - The projected net loss attributable to the parent company for 2024 is between CNY 120.00 million and CNY 144.00 million, a reduction of CNY 55.19 million to CNY 79.19 million compared to the previous year, indicating a year-on-year loss reduction of 27.71% to 39.76%[4]. - The net profit attributable to the parent company after deducting non-recurring gains and losses is also expected to be between CNY 120.00 million and CNY 144.00 million, with a year-on-year loss reduction of 25.20% to 37.67%[4]. - The reduction in loss compared to the previous year is attributed to revenue growth and internal cost optimization measures, including supply chain improvements and enhanced smart manufacturing capabilities[6]. Competition and Market Challenges - The company faces intense competition in the domestic operator bidding market for smart terminal products, leading to low overall gross margins[6]. Investment and R&D Focus - The company is investing heavily in traditional business and product technology research and development, particularly in the Hongmeng field, while also increasing R&D efforts in robotics and information security[6]. Financial Data Caution - The financial data provided is preliminary and has not been audited by registered accountants, and investors are advised to be cautious of investment risks[7][8].