Inner Mongolia OJing Science & Technology (SZ:001269)2025-01-20 09:55Financial Performance Expectations - The company expects a net loss of between 550 million and 450 million CNY for the year 2024, compared to a profit of 653.93 million CNY in the same period last year[3]. - The basic earnings per share are projected to be a loss of 2.86 CNY to 2.34 CNY, down from a profit of 3.40 CNY per share in the previous year[3]. Market Conditions and Impact - The significant loss is attributed to a drastic reduction in demand for quartz crucible products due to market fluctuations in the photovoltaic industry, leading to decreased operating rates and lower product prices[5]. Strategic Responses - The company plans to implement cost reduction and efficiency enhancement measures while continuing to strengthen research and development for technological innovation[5]. Financial Reporting - The financial data in the earnings forecast has not been audited by registered accountants and is subject to change based on the final annual report[4][6].