Netac(SZ:300042)2025-01-21 09:42Financial Performance - The company expects a net loss attributable to shareholders of between 90 million and 120 million yuan for the year 2024, compared to a loss of 43.76 million yuan in the same period last year [3]. - The net loss after deducting non-recurring gains and losses is projected to be between 83 million and 115 million yuan, compared to a loss of 51.83 million yuan in the previous year [3]. Reasons for Loss - The primary reasons for the expected loss include weak consumer storage demand and intensified industry competition, leading to a decline in both revenue and gross margin [5]. - NAND Flash and DRAM prices have been continuously decreasing since the second quarter of 2024, resulting in a significant increase in inventory impairment provisions [5]. - Rental income from properties has decreased year-on-year, contributing to the reduction in net profit compared to the previous year [5]. Business Adjustments - The company has made business adjustments to several subsidiaries, including the shutdown of Shaoguan Langzheng Data Semiconductor Co., which has undergone an overall impairment test [6].