Risen Energy(300118)2025-01-17 13:25Financial Performance Expectations - The company expects a net loss for 2024, with a projected loss of RMB 270 million to RMB 350 million, compared to a profit of RMB 136.33 million in the previous year[2]. - The expected operating revenue for 2024 is between RMB 2 billion and RMB 2.1 billion, down from RMB 3.53 billion in the previous year[2]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of RMB 300 million to RMB 380 million, compared to a profit of RMB 158.26 million last year[2]. - The financial data in the performance forecast has not been audited by a registered accounting firm[3]. - The specific financial data for 2024 will be detailed in the company's annual report[6]. Market and Operational Challenges - The decline in profitability is attributed to a mismatch in supply and demand in the photovoltaic market, leading to a decrease in product prices and gross margins[4]. - The company has increased its inventory impairment provisions due to the declining gross margin of photovoltaic products[4]. - The transition from P-type to N-type capacity in the industry is causing structural adjustments, impacting the company's performance[4]. - The company's N-type heterojunction battery components have a low shipment proportion, and their technical advantages have not yet fully materialized[5]. Investment Advisory - Investors are advised to be cautious regarding investment risks associated with the company's performance forecast[6].