HIUV(SH:688680)2025-01-17 12:20Financial Performance Expectations - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -580 million and -480 million yuan, representing an increase in losses of 35.14 million to 25.14 million yuan compared to the previous year, with a year-on-year increase in losses of 153.75% to 110.00%[4] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 is projected to be between -550 million and -450 million yuan, indicating an increase in losses of 30.48 million to 20.48 million yuan compared to the previous year, with a year-on-year increase in losses of 124.27% to 83.50%[4] - The company reported a net profit attributable to shareholders of the parent company for the previous year of -228.57 million yuan and a net profit after deducting non-recurring gains and losses of -245.24 million yuan[5] Reasons for Expected Losses - The main reasons for the expected losses include intensified competition in the film industry leading to price reductions and decreased gross margins, as well as increased depreciation and amortization costs due to continuous capacity expansion from 2021 to 2023[7] Operational Strategy - The company has adopted a prudent operating strategy, resulting in a decrease in film shipment volume and factory utilization rates, while also strictly accounting for inventory impairment provisions[7] - The company aims to maintain positive operating cash flow while reducing financial leverage, despite increased interest expenses from convertible bonds and discounted notes compared to the previous year[7] Product Development - The company has successfully launched six new film products and is making progress in the market for new products such as PDCLD dimming film and XPO leather, although these investments have not yet reached breakeven, negatively impacting overall performance[8]