Zhengye Technology(300410)2025-01-20 11:00Financial Performance Expectations - The company expects a net loss for 2024 between 190 million and 235 million CNY, compared to a net loss of 220.58 million CNY in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss between 200 million and 245 million CNY, compared to a loss of 232.90 million CNY in the previous year [3]. Reasons for Expected Loss - The primary reasons for the expected loss include a downturn in downstream investment demand and intensified market competition, leading to lower overall revenue and gross profit [5]. - The photovoltaic new energy sector has even experienced negative gross profit margins [5]. Asset Impairment and Tax Considerations - Significant asset impairment losses are anticipated, primarily due to inventory write-downs related to equipment that has not been accepted or delivered [6]. - The company has reduced deferred tax assets due to uncertainty in generating sufficient taxable income to offset these assets [6]. Financial Data Status - The financial data presented is preliminary and has not been audited by an accounting firm, with final figures to be confirmed in the annual report [7].