HYC(SZ:000586)2025-01-20 09:35Financial Performance Expectations - The company expects a net loss of approximately 5.5 million to 8.2 million CNY for the fiscal year 2024, representing a decline of 127.58% to 141.13% compared to a profit of 19.94 million CNY in 2023[2] - The net profit after deducting non-recurring gains and losses is projected to be a loss of 6.5 million to 9.7 million CNY, down 147.37% to 170.70% from a profit of 13.72 million CNY in the previous year[2] - Basic earnings per share are expected to be a loss of approximately 0.0284 CNY to 0.0424 CNY, compared to earnings of 0.1031 CNY per share in 2023[2] Reasons for Performance Decline - The primary reason for the performance decline is attributed to decreased revenue from the power optical cable and online monitoring business due to intense market competition[4] - Government subsidies related to revenue have significantly decreased compared to the previous year, impacting overall financial performance[5] Management Response and Strategy - The company has increased sales and management expenses compared to the previous year in response to market challenges and has enhanced employee incentive measures[5] - The management is committed to improving operational performance by intensifying market expansion efforts and continuing innovation to enhance product competitiveness[5] Earnings Forecast and Caution - The financial data in the earnings forecast has not been audited by the accounting firm, and the final figures will be disclosed in the 2024 annual report[6] - Investors are advised to exercise caution and consider risks, as the earnings forecast may differ from the final data in the annual report[6] - The earnings forecast period is from January 1, 2024, to December 31, 2024[2]