North Industries (SZ:000519)2025-01-21 09:25Financial Performance Outlook - The company expects a net profit loss between 21,000 million and 35,000 million CNY for the year 2024, a decline of 125.35% compared to the previous year's profit of 82,833 million CNY [3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss between 23,500 million and 37,500 million CNY, representing a decrease of 130.49% from last year's profit of 77,077 million CNY [3]. - Basic earnings per share are expected to be a loss between 0.1508 and 0.2513 CNY, compared to earnings of 0.5948 CNY per share in the previous year [3]. - The financial data in this earnings forecast has not been audited by an accounting firm, and specific financial figures will be detailed in the 2024 annual report [4][8]. - Investors are advised to be cautious regarding investment risks associated with the preliminary nature of this earnings forecast [8]. Market and Sector Challenges - The decline in performance is primarily due to intensified market competition in the superhard materials sector, leading to a significant drop in sales prices and revenues [5]. - The special equipment sector faced revenue and profit declines due to late contract signings and external factors affecting product demand and supply [6]. Strategic Initiatives - The company plans to enhance technological innovation and market expansion in the superhard materials sector while focusing on cost reduction and efficiency improvement [7]. - In the special equipment sector, the company aims to expedite contract signings and project construction to meet identified demand [7].