天微电子(688511) - 2024 Q4 - 年度业绩预告

Revenue Projections - The company expects 2024 annual revenue to be between 74 million and 91 million yuan, a decrease of 66.48 million to 49.48 million yuan compared to the previous year, representing a decline of 47.32% to 35.22%[2] - The company anticipates that its revenue, excluding non-core business income, will be between 71.3 million and 87.8 million yuan, which is below the 100 million yuan threshold[6] Profit Projections - The projected net profit attributable to the parent company for 2024 is expected to be between -20 million and -14 million yuan, a decrease of 69.70 million to 63.70 million yuan year-on-year, reflecting a decline of 140.24% to 128.17%[6] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between -28 million and -19 million yuan, a decrease of 56.35 million to 47.35 million yuan compared to the previous year, indicating a decline of 198.77% to 167.02%[6] - The company anticipates a significant increase in losses in the fourth quarter compared to the first three quarters, with a projected net profit of -20 million to -14 million yuan for the full year[14] Order and Demand Issues - The decline in orders is attributed to reduced demand for the company's main product, the fire suppression and explosion-proof system, influenced by macroeconomic policies and production schedules of assembly plants[10] Cost and Subsidy Changes - Government subsidies received by the company are expected to decrease significantly from 13.95 million yuan in 2023 to around 3.6 million yuan in 2024, while R&D expenses are projected to increase from 16.04 million yuan to approximately 22 million yuan[13] - The company has agreed to price reductions for certain products, which is expected to impact profits by approximately 7.8 million yuan[12] Delisting Risk - The company will face delisting risk if its audited net profit remains negative and revenue falls below 100 million yuan, as per the Shanghai Stock Exchange regulations[17]