Shenzhen EXC-LED Technology (SZ:300889)2025-01-21 08:48Financial Performance - The company expects a net loss of between RMB 76.69 million and RMB 117.60 million for the fiscal year 2024, compared to a profit of RMB 34.32 million in the same period last year[5]. - The net profit after deducting non-recurring gains and losses is projected to be a loss between RMB 140.52 million and RMB 171.74 million, compared to a loss of RMB 8.06 million in the previous year[5]. - The financial data presented is preliminary and has not been audited by the accounting firm, with the final figures to be disclosed in the 2024 annual report[9]. Revenue Decline - The decline in revenue is primarily due to a significant shrinkage in municipal landscape lighting and smart streetlight businesses, despite a recovery in cultural tourism landscape lighting[7]. Business Expansion - The company is actively expanding its electric vehicle charging pile business, which is expected to become a new growth point for performance as products are set to ramp up production starting in Q4 2024[8].